El Salvador’s $1.4B IMF loan comes with strict $BTC oversight conditions

El Salvador’s $1.4 billion loan deal with the International Monetary Fund (IMF) comes with strict Bitcoin-related conditions, Bitcoin News reported on X. Under the agreement, El Salvador must phase out public involvement in the state-run Chivo wallet and stop using state funds for it by July 2025. The government is also required to dissolve the Bitcoin Trust Fund (FIDEBITCOIN) and release audited financial reports. Additionally, it must implement a framework to manage its Bitcoin holdings and disclose all associated hot and cold wallet addresses to the IMF. Compliance will be monitored through regular IMF reviews until 2025.
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