Degen

El Salvador’s Economy Minister, María Luisa Heim, told Bloomberg that the country will continue to buy Bitcoin (BTC) despite signing a $1.4 billion loan agreement with the International Monetary Fund that required it to reduce its purchases of the cryptocurrency.

According to data from Bitcoin Treasuries, El Salvador currently holds 6,162 BTC, worth more than $580 million. The comments come as El Salvador faces challenges in enforcing its Bitcoin law; a report from El Mundo suggests that nearly 90 percent of registered cryptocurrency companies are inactive.

The country’s central bank has declared only 20 of the 181 registered providers active.