The $1.4 billion International Monetary Fund loan agreement for El Salvador includes Bitcoin regulatory conditions
The $1.4 billion IMF loan agreement for El Salvador includes Bitcoin oversight conditions. The new International Monetary Fund (IMF) loan terms reveal key measures related to Bitcoin that El Salvador must take: ending public participation in Chivo and stopping the use of public funds by July 2025.
Liquidate Fidebitcoin Trust and publish audited financial data, establish a Bitcoin management framework for government-held BTC, disclose all cold and hot wallet addresses and BTC holdings to the IMF. The International Monetary Fund will conduct regular reviews to ensure compliance before 2025.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BNB Treasury company CEA Industries appoints digital asset expert Annemarie Tierney as director
Turkmenistan passes crypto asset regulation bill, to take effect on January 1 next year
CME: BrokerTec U.S. active markets have resumed trading
CME: All markets remain suspended except for the BrokerTec EU market
Trending news
MoreCrypto prices
More
