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January 9, 2025

El Salvador Boosts Bitcoin Holdings Against IMF’s Directive

El Salvador is making headlines once again by purchasing at least eleven Bitcoins, totaling nearly $1 million. This move comes in direct defiance of an International Monetary Fund agreement that instructed the nation to minimize its economic exposure to Bitcoin. The Central American country continues to assert its position in the cryptocurrency space despite potential economic implications. This bold move raises questions regarding the long-term strategy for Bitcoin within the country’s economy and how it aligns with global financial regulations and standards.

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