A newly disclosed set of deadlines from the International Monetary Fund (IMF) seems ready to refine the surveillance of the Bitcoin of El Salvador during the coming year and beyond. According to information published by journalist Ricardo Valp d’El Faro, the administration of President Nayib Bukele has agreed to share complete data on his BTC assets and transactions in exchange for the rescue package of $ 1.4 billion.
In an article on X, Valp wrote: “New:” The IMF reveals that Bukele has agreed to provide the IMF internal information on Bitcoin transactions, including cold and hot wallet addresses belonging to the Salvador government, the names of the people involved and to regulate Bitcoin Holdings in exchange for a bailout of $ 1.4 billion.
The IMF is targeting El Salvador’s Bitcoin holdings
In addition to this declaration, Valp shared images of the official proposals or conditions of the IMF, each labeled with a specific deadline and review. The fundamental objective of these conditions is to “reduce the risks linked to bitcoin”, focused on transparency and increased responsibility for government BTC activities.
According to documents, the government must submit a declaration signed to the IMF staff confirming all the warm and cold public addresses of the portfolio – as well as the corresponding BTC amounts – made up or controlled by the Salvadoran public sector. This mandate not only covers the central government’s accounts, but also all the entities or the legal persons controlled by the State under ownership or majority influence, as defined by international accounting standards.
The first requirement to report these Bitcoin addresses and uprights is due at the end of March 2025, aligning with the first review of the IMF program. A second disclosure is scheduled for the end of June 2025, capturing the updated sales. The final disclosure, at the end of December 2025, is the third revision of the IMF and requires a list of signed statements and identify all the addresses and amounts linked to the State at that time.
In addition to these recurring disclosure, the plan imposes strict deadlines for the restructuring or cessation of several highly publicized components of the Bitcoin infrastructure of El Salvador. The government must adopt and publish a new business plan to interrupt the use of public funds in the digital portfolio sponsored by the state known as Chivo.
This new plan must be instituted in July 2025, the first IMF review in March 2025 should assess progress towards this objective. According to the same stadium in July 2025, the State would be required to liquidate the BTC trustee fund known as FideBitcoin and publish the associated audits made by the Court of Auditors (AAB) and independent external auditors. The directives also indicate that the government should publish the financial statements of Chivo, verified by listeners and separate the sales from the US Dollar from Chivo users to the Central Reserve Bank (BCR) in the country.
The final phase, in December 2025, called for the promulgation of a complete framework which will strictly governed the way in which the government buys, holds or eliminates its bitcoin and any other cryptographic active. This framework would include rigorous governance protocols, formal risk management controls, explicit investment directives and a clearly defined regulatory role for AAB. The objective of the IMF, according to the texts, is to ensure greater transparency, to minimize exposure to sudden price oscillations and to centralize the responsibility for digital asset practices at the level of the state.
The extent of the monitoring involved by these measures caused mixed reactions on social networks. A notable message came from the commentator Bitcoin Pledditor (@Pledditor), who pointed out: “It looks like we finally got a calendar when the Salvador Cuckering of Salvador begins. The Chivo portfolio will be held by July 2025 and the IMF will start to regulate the Bitcoin Treasury of El Salvador by December 2025. ”
The Salvadoran government has not yet publicly commented on these requirements. However, El Salvador bought 5 other bitcoin for their strategic reserve on March 3, according to the Bitcoin office.
At the time of the press, BTC exchanged $ 83,418.
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