It appears that a newly unveiled deadline from the International Monetary Fund (IMF) is scheduled to oversee the supervision of Bitcoin Salvador during the next year and beyond. According to the information issued by journalist Ricardo Valb from El Faru, it was claimed that the administration of President Nayb agent agreed to share comprehensive data on its possessions and transactions in BTC against the rescue package of $ 1.4 billion.
In a post on X, Valp books: “New:” The International Monetary Fund reveals that an agent has agreed to provide the International Monetary Fund with internal information on bitcoin transactions, including the cold and hot portfolio headings owned by the El Salvador government, the names of the persons concerned, and the organization of Bitcoin’s holdings in exchange for $ 1.4 billion. “
The International Monetary Fund targets bitcoin al -Salvador
Besides this statement, Valp shared pictures of the official International Monetary Fund’s proposals or conditions, each with a sign of a specific deadline and a review. The primary goal of these conditions is to “reduce bitcoin risk”, focusing on enhancing transparency and accountability in government BTC activities.
According to the documents, the government must submit a signature statement to the International Monetary Fund employees confirming all the general titles of the hot and cold portfolio – along with the corresponding BTC amounts – owned or controlled by the Salvadori public sector. This mandate is not only covered in the accounts of the central government, but also covers any entities or legal persons that are controlled in the state under the ownership of the majority or influence, as specified in international accounting standards.
The first condition for reporting Bitcoin and sums is due to the end of March 2025, in line with the first review of the program in the International Monetary Fund. The second disclosure of the end of June 2025 is scheduled to pick up updated balances. The final disclosure is located, at the end of December 2025, under the third review of the International Monetary Fund’s contract and requires a list of signed data and determines all the addresses and amounts associated with the state at that time.
In addition to these repeated disclosures, the plan imposes strict final dates to restructure or stop many of the bitcoin infrastructure components. The government must adopt and publish a new action plan aimed at stopping the use of public funds within the digital portfolio sponsored by the country known as Chivo.
This new plan will be developed by July 2025, where the first review of the International Monetary Fund contract is expected to measure the progress made towards this goal. By the same junction of July 2025, the state is said to be a BTC’s liquidation of the Fidebitcoin and the issuance of related audits by the AB Court of Accounts and independent external auditor. The instructions also indicate that the government must spread Chivo’s financial statements, check the auditors, and separate the US dollar balances to Chivo users at the Central Reserve Bank in the country (BCR).
The final stage, by December 2025, calls for the age of a comprehensive framework that accurately governs how the government buys, or behaves from Bitcoin and any other encryption assets. This framework will include strict governance protocols, official risk management controls, explicit investment guidelines, and a clear organizational role for Aab. The goal of the International Monetary Fund, according to the texts, is to ensure increased transparency, reduce exposure to sudden price fluctuations, and central accountability for digital asset practices at the state level.
The oversight of these measures has sparked mixed reactions to social media. One of the prominent posts came from the Bitcoin Pleeditor (PledDitor), who noticed, “We seem to have finally obtained a schedule when the International Monetary Fund for El Salvador begins. She will become Chivo Wallet by July 2025 and the International Monetary Fund will start organizing the Treasury in Bitcoin in El Salvador by December 2025.”
The El Salvaduri government did not publicly comment on these requirements. However, El Salvador bought another 5 bitcoin for the strategy reserve on March 3, according to the Bitcoin Office.
At the time of the press, BTC was traded at $ 83,418.
Distinctive image created with Dall.e, Chart from TradingView.com
