El Salvador says it will keep buying bitcoin despite IMF warning


Members of a local Bitcoin community, gather in a local cafe in Berlin, El Salvador, January 24, 2024. REUTERS/Jose Cabezas/File Photo

SAN SALVADOR (Reuters) -El Salvador said on Thursday it would keep buying bitcoin, possibly at an accelerated pace, a day after the government reached a financing agreement with the International Monetary Fund that had said it should limit its exposure to the cryptocurrency.

Stacy Herbert, El Salvador's national bitcoin office director, wrote on X that bitcoin would remain legal tender in the Central American country, and that the government would keep adding to its strategic reserves.

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