​The International Monetary Fund (IMF) has confirmed that El Salvador is complying with the terms of its $1.4 billion loan agreement, including the key requirement to suspend Bitcoin purchases using public sector funds.

This measure aims to maintain the country's fiscal stability as part of its obligations to international creditors, according to CoinGape.

The International Monetary Fund (IMF) has confirmed that El Salvador is complying with the terms of its $1.4 billion loan agreement, which includes suspending Bitcoin purchases using public sector funds, aiming to maintain the country's fiscal stability.

As part of its obligations to international creditors, El Salvador has also been making progress in enhancing public financial transparency and implementing structural reforms, the IMF noted.

With Bitcoin's price surging to nearly $100,000, the nation's Bitcoin reserve, which holds 6,158 BTC, is now valued at approximately $583 million.

El Salvador continues to expand Bitcoin reserves

Despite meeting official requirements, El Salvador continues to expand its Bitcoin holdings daily. The National Bitcoin Office reported that the country is purchasing one Bitcoin per day, funded by non-public sector sources.

The exact sources of funding remain a secret, sparking speculation among crypto enthusiasts. It is believed that the daily purchases may be financed through profits from the country's Strategic Bitcoin Reserve, with an average acquisition price of around $44,000 per coin.

Inspired by El Salvador's example, other nations are beginning to explore the idea of establishing their own strategic crypto reserves.

Earlier this year, reports surfaced that several Central Asian countries, namely Kazakhstan, Uzbekistan, and Tajikestan, are showing interest in pooling their валютные резервы to buy Bitcoin in a collective effort.

The potential creation of a joint crypto reserve is being discussed as a way for these nations to diversify their валютные резервы and gain more economic independence.

The President of El Salvador sees Bitcoin as a path to greater financial independence and reducing reliance on the U.S. dollar.

In an environment of growing interest in digital assets, this strategy could bring long-term benefits to the country. Forecasts such as Ark Invest's projection that Bitcoin could reach $2.4 million by 2030 strengthen confidence in the chosen course.

If these scenarios materialize, El Salvador could become a pioneer in state-level crypto economies and achieve substantial growth in national wealth.

At the same time, the future of El Salvador's Bitcoin experiment appears increasingly uncertain. According to the latest data published by El Mundo, only 20 out of 181 Bitcoin service providers registered with El Salvador's Central Reserve Bank are currently operational.

This accounts for just 11% of providers that meet the country's legal and regulatory requirements under its groundbreaking Bitcoin law.