El Salvador bypasses IMF restrictions and continues to buy Bitcoin daily

According to a report by Golden Finance, despite the government suspending Bitcoin related activities to obtain a $1.4 billion loan, El Salvador quietly bought through the Bitcoin office, adding 32 new coins last month and currently holding over 6160 bitcoins worth approximately $584 million. The IMF has confirmed that the country's finance department has fulfilled its commitment to 'no new holdings', but the Bitcoin office' operates outside of these fiscal definitions' and circumvents restrictions through 'technical loopholes'. To unlock IMF funds, Saudi Arabia will cancel Bitcoin as a mandatory payment and tax payment method from May 1st. President Bukkel remains committed to the Bitcoin strategy.