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El Salvador's $666 million Bitcoin reserve survives IMF review
Original: El Salvador’s $666 million Bitcoin reserve survives IMF review
El Salvador's Bitcoin holdings, valued at around $666 million, have come through the latest IMF review intact, according to the headline claim. The country became the first to adopt Bitcoin as legal tender in 2021 and has continued accumulating the cryptocurrency despite an agreement with the International Monetary Fund to scale back its Bitcoin policies. Observers are weighing what the outcome means for the government's crypto strategy.
Why now: El Salvador's ongoing Bitcoin accumulation sits uneasily with its IMF programme, so any review outcome draws attention.
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