๐—œ๐— ๐—™ ๐—ฆ๐—ฎ๐˜†๐˜€ ๐Ÿ‡ธ๐Ÿ‡ป ๐—˜๐—น ๐—ฆ๐—ฎ๐—น๐˜ƒ๐—ฎ๐—ฑ๐—ผ๐—ฟ ๐—œ๐˜€๐—ปโ€™๐˜ ๐—•๐˜‚๐˜†๐—ถ๐—ป๐—ด ๐—ก๐—ฒ๐˜„ ๐—•๐—ง๐—– โ€” ๐—๐˜‚๐˜€๐˜ ๐— ๐—ผ๐˜ƒ๐—ถ๐—ป๐—ด ๐—ช๐—ต๐—ฎ๐˜ ๐—œ๐˜ ๐—›๐—ฎ๐˜€

โฌ› IMF doubts El Salvadorโ€™s daily BTC buys

A fresh IMF report (July 15) claims that El Salvador isnโ€™t 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 Salvadorโ€™s 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‰ˆ $738M), making it one of the worldโ€™s 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 Salvadorโ€™s BTC reserves hit a record $760M, with 30 new BTC added last month.

โœ… 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.

#BTC

$BTC