El Salvador Buys More Bitcoin Despite IMF Deal

Quick Summary:

El Salvador is doubling down on its Bitcoin strategy, even after signing a $1.4 billion loan agreement with the International Monetary Fund (IMF) that recommended scaling back its crypto ambitions.

Still, Hayem highlighted that both government-led and private crypto initiatives are progressing, signalling that the digital asset strategy is far from being paused.

This was seen as an effort to strike a balance between innovation and investor concerns.

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Article Details

Author / Journalist: Zayan

Category: Crypto

Markets: United Arab EmiratesEl Salvador

Topics: IMF Market Updates Bitcoin Market News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-30 @ 10:17:36 (16 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 222 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 28299338

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 24 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 11 hours ago

Coverage Areas: United Arab Emirates

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #125

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