🇸🇻HUGE: Bukele's Bitcoin nation just got $139 MILLION from the IMF, despite breaking the IMF's Bitcoin limit.
El Salvador, the first country to make Bitcoin legal tender, agreed to stop buying Bitcoin with government money as part of a $1.4 BILLION IMF loan.
But its Bitcoin holdings kept growing.
The IMF says the new coins came from private donations, and it waived the breach after El Salvador promised corrective steps.
Now the IMF says El Salvador shouldn't add any more Bitcoin beyond those donations.
@TradingNews
El Salvador, the first country to make Bitcoin legal tender, agreed to stop buying Bitcoin with government money as part of a $1.4 BILLION IMF loan.
But its Bitcoin holdings kept growing.
The IMF says the new coins came from private donations, and it waived the breach after El Salvador promised corrective steps.
Now the IMF says El Salvador shouldn't add any more Bitcoin beyond those donations.
@TradingNews