El Salvador bypasses IMF restrictions and continues to buy Bitcoin daily

ChainCatcher news, despite the government suspending Bitcoin-related activities to obtain a $1.4 billion loan, El Salvador has quietly bought more Bitcoin through its Bitcoin office, adding 32 coins last month, and currently holds over 6,160 Bitcoins, worth approximately $584 million.

The IMF confirmed that the country's finance department has fulfilled its "no new holdings" commitment, but the Bitcoin office "operates outside these fiscal definitions," circumventing restrictions through "technical loopholes." To unlock IMF funds, El Salvador will eliminate Bitcoin as a mandatory payment and tax method starting May 1. President Bukele remains "committed to the Bitcoin strategy."