An officer of the International Monetary Fund (IMF) has confirmed that El Salvador meets an agreement to return from the use of Bitcoin (BTC) as a reserve.
In a new press conference, the IMF answers a question from Financial Software Company Ion Group that asks how El Salvador still collects BTC, even though he agrees to stop purchasing as part of a loan agreement.
El Salvador President Nayib Bukele pushed back to those conditions earlier this year and said:
“This all stops in April. “This all stops in June.” “This all stops in December.”
No, it doesn’t stop.
If it didn’t stop when the world exiled us and most of the ‘bitcoiners’ have abandoned us, it will not stop now and it will not stop in the future.
Proof of work> Proof of whining. “
Data from the blockchain “de-anonymizer” Arkham show that the government of El Salvador has been acquiring one BTC every day for some time.
But Rodrigo Valdes, the director of the Western Hemisphere Department of the IMF, says that despite these purchases, the country still works within his “performance criteria” explained by the IMF.
“In terms of El Salvador, let me say that they can confirm that they will continue to meet their dedication of non-accumulation of Bitcoin by the general tax sector, which is the performance criteria we have. But I also think this is very important for the discussion in El Salvador.
The El Salvador program is not about Bitcoin. It is much more, much deeper in structural reforms, in terms of governance, in terms of transparency. There is a lot of progress there. And also, on tax. And authorities have made a lot of progress to implement the reform. “
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Featured image: Shutterstock/Kitti Suwanekkasit/Chuenmanuse