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El Salvador accelerates Bitcoin purchases despite IMF’s suggestions

El Salvador added 1 BTC on Christmas, amplifying its reserves to 5,997.77 BTC, around 595 million USD, even as the International Monetary Fund advised slowing down Bitcoin acquisitions. Nevertheless, the commitment to digital currencies is evidenced by daily purchases.

Emphasizing digital currency adoption, El Salvador’s Bitcoin strategy contrasts with nations like Bhutan and larger holdings in the U.S. And U.K. El Salvador’s strategic positioning marks a pioneering national cryptocurrency usage, setting a unique precedent globally.

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