El Salvador clarifies: Reaching a protocol with the IMF does not affect the plan to increase BTC holdings

El Salvador recently reached a protocol with the International Monetary Fund (IMF) to make dropBTC risk a requirement for access to a $1.4 billion credit line, but the recent BTC purchase by the Salvadoran government appears to be contrary to the provisions in the document. El Salvador BTC Office Director Stacy Herbert clarified that even after reaching the protocol, the country will continue to “accelerate” the purchase of BTC, which is part of its strategic BTC reserve strategy. Herbert also explained on social media that BTC will still be the country’s legal currency, and the government will continue to sponsor several cryptocurrency-focused education programs. The BTC Office report states that the “1 BTC per day” purchase plan will continue. In addition, the country has made additional purchases, increasing its holdings by 30 BTC in the past 7 days and 53 BTC in the past 30 days.