The International Monetary Fund says that the accumulation of bitcoin al -Salvador needs to stop

The International Monetary Fund has published a new report for employees related to SalvadorWhere the fund states that the accumulation of bitcoin al -Salvador needs to stop through purchase and mining. The country must also liquidate the fund created for purchase, among other basic changes outside the amendments of Bitcoin Law approved by the National Congress at the end of January.

While El Salvador made great progress in many areas, he still faces challenges. Despite the improvement of security, the prosperous tourism industry, and other positive developments, the country continues to deal with macroeconomic imbalances, high financial deficit, and significant debts. The International Monetary Fund Agreement provides $ 1.4 billion, and it can open up to $ 3.5 billion from Various multilateral organizationsLike the World Bank and the Development Bank between Americans.

President Nayb P.O. diverted his position on the International Monetary Fund, and moved from Mockery The Fund’s position on the Bitcoin Law to make amendments to the law and agree to stop all public bitcoin participation, including the accumulation of bitcoin al -Salvador.

“The Bukele administration intends to focus its second mandate on addressing the economic and structural challenges and enhancing economic growth within the framework of a program supported by the International Monetary Fund”, the International Monetary Fund He said In the new report.

The accumulation of Bitcoin Salvador has ended and there are no bitcoin links

Although the agreement was announced in 2024, doubts remained about the implementation of changes. The updated report now determines that Salvador must fully comply by December 2025 and detailing how the changes will appear. The changes in Bitcoin law are related primarily the status of legal giving, but the International Monetary Fund stressed that the public sector should stop the “voluntary accumulation of BTC”.

Banning the accumulation of bitcoin Salvador “includes buying and mining.” By the end of the month of March, the country is forced to define all the bitcoin that the administration has already accumulated, as ATMS and ATMS generals, the Bitcoin Management Agency, the Bitcoin desk, the Lempa River Hehedrolectric Poard, and all other people or other institution participating in the Bitcoin currency per year. The second review of this process will occur at the end of June.

According to the report, Salvador should filter the Bitcoin Trust Fidebitcoin box, which has been used in advance for BTC. The country is also required to provide CHIVO’s financial statements, which are audited by an independent reference auditor, with the completion of this process and review before July 2025 for its second review.

One of the most expected projects was bitcoin bonds, which aims to finance infrastructure to extract bitcoin and develop the city of Bitcoin. However, the International Monetary Fund has now rejected these links.

To meet the standards of the quantitative performance of the International Monetary Fund, the fund explicitly states that the public sector is prohibited from issuing or guaranteeing “any type of debt or the distinctive tool that is indexed or indexed in Bitcoin and includes a responsibility for the public sector.”

with Bitcoin Amendments Amendments And the stated end of the accumulation of bitcoin Salvador, the narration of bitcoin and the country of Central America under the transformation.