๐๐ ๐ ๐ฆ๐ฎ๐๐ ๐ธ๐ป ๐๐น ๐ฆ๐ฎ๐น๐๐ฎ๐ฑ๐ผ๐ฟ ๐๐๐ปโ๐ ๐๐๐๐ถ๐ป๐ด ๐ก๐ฒ๐ ๐๐ง๐ โ ๐๐๐๐ ๐ ๐ผ๐๐ถ๐ป๐ด ๐ช๐ต๐ฎ๐ ๐๐ ๐๐ฎ๐
โฌ IMF doubts El Salvadorโs daily BTC buys
A fresh IMF report (July 15) claims that El Salvador isnโt actually adding new Bitcoin to its treasury. Instead, the growth in its Strategic Bitcoin Reserve Fund comes from shifting existing coins between government wallets.
โฌ Government says it is buying daily
El Salvadorโs National Bitcoin Office disagrees, insisting that the country keeps buying Bitcoin every day. Current on-chain data shows El Salvador holds over 6,200 BTC (โ $738M), making it one of the worldโs biggest state-level holders.
โฌ IMF wants limits & transparency
The IMF, which previously linked $1.4B funding to Bitcoin policy, urges:
No further increase in BTC holdings
Public sector BTC to appear in national economic data
Quarterly reports from entities like Chivo, CEL, LaGeo & Fidebitcoin
The government must also share signed statements confirming its BTC stash.
โฌ Chivo wallet to go private
El Salvador plans to privatize the Chivo wallet by July 2025 โ talks with buyers are underway.
โฌ New crypto rules on the way
With IMF support, El Salvador is drafting laws to:
Improve custody & asset segregation
Strengthen AML & counter-terrorism compliance
Clarify the role of the Bitcoin Management Agency (AAB)
โฌ Bitcoin commitment stays high?
Despite IMF pressure, reports say El Salvadorโs BTC reserves hit a record $760M, with 30 new BTC added last month.
โ In summary: IMF thinks El Salvador is mainly moving old Bitcoin, but the government insists on daily buys โ while also promising better transparency, legal updates, and privatizing Chivo.
