IMF Report Exposes El Salvador’s Lack of Bitcoin Purchases Despite Claims, Raises Concerns in Crypto Community

The IMF published a report stating that El Salvador has not purchased any Bitcoin since signing a loan agreement with the IMF in December 2024. This contradicts claims by El Salvador's Bitcoin Office of daily Bitcoin purchases. The IMF report revealed that El Salvador's Chivo wallet does not adjust its Bitcoin reserves accurately, creating discrepancies. El Salvador agreed to reduce its involvement in Bitcoin as part of the loan deal. Despite this, El Salvador continued to claim it was accumulating Bitcoin. The IMF's findings have surprised the crypto community, given El Salvador's prominent role in adopting Bitcoin as a strategic reserve.

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