A July 15 report The International Monetary Fund (IMF) suggests that the growing Bitcoin companies from El Salvador are not the result of recent purchases, but rather a reorganization of existing assets.
According to a footnote in the document:
“Increases in [El Salvador’s] Bitcoin Holdings In the Strategic Bitcoin Reserve Fund, Bitcoin consolidation reflects in various portfolios in the government. “
This claim challenges directly statements from the national Bitcoin office of El Salvador, which has publicly stated that the Midden -American government will continue to buy Bitcoin daily.
After the earlier requirements of the IMF that the country stops with the purchase of Bitcoin, which is linked to its financing of $ 1.4 billion, the report further stated that “the total stock of Bitcoin has remained unchanged since the approval of the program” and that “efforts should continue to be expected to have the participations of Bitcoin van Bitcoin van Bitcoin van Bitcoin van Bitcoin van Bitcoin van” “” “” “” “” “
In particular data on chains to show That the country has more than 6,200 BTC (more than $ 738 million) in its treasury. This places El Salvador under the top sovereign Crypto holders worldwide.
El Salvador’s Bitcoin -compliance -efforts
The IMF also outlined the recent efforts of El Salvador to reduce the risk and to improve supervision in his bitcoin strategy.
According to the report, the authorities of the Middle -American country are committed to limiting further exposure to Bitcoin and to increase transparency around their crypto operations.
This means that the government-led government will publish quarterly financial statements for entities involved in its Bitcoin activities, including Chivo, Cel, Lageo and Fidebitcoin. In addition, all Bitcoin activities are expected to be included in national macro -economic and tax data.
The authorities are also expected to update the IMF, signed statements that Bitcoin describe by the public sector.
The IMF added:
“Work is underway in carrying out an extensive framework for the management of the government and other crypto-assets, with the aim of strengthening the strengthening of governance, transparency and accountability and defending the role of the Bitcoin Management Agency, AAB.”
IMF also stated that Nayib Bukele guided government is moving forward with its plan to put an end to the public participation in the Chivo Wallet project.
According to the financial regulator, a business plan for the privatization of Chivo has already been published and conversations with potential buyers are underway. The goal is to complete the sale by July 2025.
Finally, the report points to current activities when reforming the legal framework of the country for digital assets. The IMF offers technical assistance to set the regulations of El Salvador with international standards, in particular in areas such as custody, segregation and compliance with anti-money laundering practices and financing rules for the fight against terrorism.
The Crypto community continues to report the Bitcoin deployment of El Salvador and explains that it has recently been hit An all time high from $ 760.075.734, with 30 BTC added In the past month.
