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The International Monetary Fund (IMF) published on Tuesday’s report on its ongoing loan agreement with El Salvador and claimed that the Central American country has not bought any new bitcoins (BTC) Since the signature of the agreement in December 2024.
Salvador’s Chivo Bitcoin Wallet “It will not stand out for its bitcoin reserves to reflect changes in Bitcoin’s clients’ bearings,” message read. Chiva does not sell its BTC, which leads to “small” inconsistencies, which seemed to be the public sector Salvador accumulated BTC.
The IMF report included a letter signed by the President of the Central Bank Salvador, Douglas Pablo Rodríguez Fuentes and Minister of Finance, Yogelio Molina, confirmed the details:
“In accordance with the obligations under the program, the shares of bitcoins organized by the public sector remain unchanged and take steps to alleviate fiscal risks by reducing the role of the public sector in Chivo wallet and transferring the bitcoin project.”
Cointlegraph addressed the Bitcoin office Salvador and the National Commission for Digital Assets, but did not receive an answer at the time of publication.
Related: Pakistani crypt minister, President of Salvador, discuss the bitcoin strategy
Salvador strikes a loan agreement with IMF
Salvador’s government signed a Loan Agreement $ 1.4 billion with the IMF in December 2024 and agreed to return to Bitcoins as part of the loan offer.
In January 2025, lawmaker Salvador revised bitcoin lawsAcceptance of BTC as a voluntary legal payment and at the same time agrees to stop accumulating BTC using taxpayers’ money.
Yet El Salvador’s bitcoin offices continue to say that the government is constantly accumulating BTC and flying face to face by the IMF agreement.
This reached Crescendo in March when the IMF sent another announcement to Salvador asks to stop accumulating BTC According to the Terms of Service for the Loan Agreement.
Salvadoran President Nayib Bukele responded to defianceThe IMF message that the Earth will continue to accumulate BTC daily.
“No, they won’t stop. If it doesn’t stop when the world scared us and most” bitcoiners “left, it won’t stop, and it won’t stop in the future,” Bukele wrote in March 4 post.
The IMF report sent shock waves through the bitcoin community to build Salvador as one of the leading countries to accept the national strategic bitcoin reserve and the open attitude of the Bukele to stack the digital currency with the offer.
Magazine: National Bitcoin chief Salvador was an orange pressure of Argentina
