El Salvador has reiterated its commitment to Bitcoin in spite of recent developments that saw its digital wallet, Chivo, being sold or retired. This is just days after the country sealed a $1.4 billion loan deal with the International Monetary Fund.
The deal forces the scaling back of Bitcoin policies, but the Salvadoran government remains undeterred in its quest to accumulate BTC for its strategic reserves.
El Salvador Reaffirms BTC Commitment, to Keep Accumulating Reserves
El Salvador recently struck a $1.4 billion deal with the International Monetary Fund (IMF). It is also looking to secure a $3.5 billion deal, but with certain concessions regarding Bitcoin (BTC) to secure the funding. As part of the agreement, the country has agreed to scale back its Bitcoin policies, particularly in relation to its official digital wallet, Chivo, which the country plans to sell or retire.
Stacey Herbert, the Director of the National Bitcoin Office, highlighted the fact that Bitcoin wou
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