El Salvador Defies IMF Terms, Stacks More Bitcoin Daily
- —El Salvador's reserves rose to 7,798 BTC, valued at over $640 million
- —The country added 7 BTC in the past week under its 1-BTC-a-day strategy
- —The IMF said public-sector crypto criteria were not met
- —Purchases are likely funded by unidentified private donations
Why it matters: El Salvador is ignoring IMF conditions, which could complicate its $1.4 billion credit program and set a precedent for other nations.
Source: Bitcoin.com