El Salvador has reached an agreement with the International Monetary Fund (IMF) to reduce Bitcoin risk as a requirement for obtaining a $1.4 billion credit line, according to Odaily Planet Daily.
However, Stacy Herbert, director of El Salvador’s Bitcoin Office, said the country will continue to “accelerate” its purchases of Bitcoin as part of its strategic reserves.
Herbert also noted that Bitcoin remains the country’s legal tender and the government will continue to support cryptocurrency education programs. The Bitcoin Office said the “1 BTC a day” program will continue.
El Salvador has increased its holdings by 30 BTC in the past 7 days and 53 BTC in the past 30 days.
