US EditionEl Salvador Hasn’t Bought Bitcoin Since Signing Loan Deal, IMF Says
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11 Articles
El Salvador’s Bitcoin Claims Disputed by IMF Report
According to the IMF, the government’s Chivo wallet has not recorded new Bitcoin purchases, and discrepancies in wallet reserves stem from how the platform accounts for user deposits—not from actual acquisitions. Despite continued claims from El Salvador’s Bitcoin Office that the government is “buying BTC daily,” the IMF says the public sector’s Bitcoin balance remains unchanged. The findings were confirmed in a formal letter from El Salvador’s …
The IMF accuses El Salvador of bypassing its commitments on the bitcoin. Between tensions around the Chivo Wallet and threats on a major loan, the economic balance is wavering. Immerse in the underside of a brand-new iron arm between crypto and institutions. The Bitcoin article: El Salvador accused of bypassing IMF rules appeared first on Cointribune.
IMF claims El Salvador isn't buying bitcoin despite Bukele's boasts
IMF claims El Salvador isn’t buying Bitcoin despite Bukele’s boasts The IMF has revealed El Salvador isn’t buying more bitcoin (BTC) despite claims from its BTC office, but rather topping up its holdings with BTC from various other government wallets. That’s according to a footnote in the IMF’s review of the Extended Fund Facility (EFF) that states, “Increases in Bitcoin holdings in the Strategic Bitcoin Reserve Fund reflect the consolidation of…
IMF Report Confirms El Salvador’s Bitcoin Holdings Remain Unchanged
Despite widespread speculation about new government Bitcoin purchases, a recently released report from the International Monetary Fund (IMF) confirms there have been none. El Salvador's public-sector Bitcoin holdings have remained unchanged since the approval of its current economic program earlier this year.According to the IMF's Country Report No. 25/190, which outlines the findings from the first review under the Extended Fund Facility (EFF),…
San Salvador, July 18 (EFE).- El Salvador adds more bitcoin to its "strategic reserve" with a new purchase at a time of rising prices for the aforementioned cryptocurrency, which surpassed $118,000, a new all-time high. The National Bitcoin Office (ONBTC) of El Salvador, under President Nayib Bukele, published the new acquisition on X this Thursday. "El Salvador has just purchased more bitcoin," it states. According to data hosted on the website…
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