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IMF Wants El Salvador to Halt Bitcoin Buys—Bukele Says No

  • El Salvador's President Nayib Bukele is determined to continue with Bitcoin purchases despite IMF's concerns.
  • IMF has repeatedly urged El Salvador to reconsider its Bitcoin initiatives, citing risks to financial stability.
  • Bukele responded defiantly, stating that the Bitcoin purchases will not stop and showing the country's increasing Bitcoin holdings.
  • El Salvador has secured a $1.4 billion deal with IMF, with the first installment set for release at the end of March.

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