So, it turns out El Salvador’s been fibbing about their Bitcoin buying spree 🤑. The IMF just spilled the tea, saying their Chivo wallet hasn’t been purchasing new Bitcoin like they claimed 🤥.
The IMF was all like, “Hold up, guys, your Bitcoin balance is still the same 🤔,” despite El Salvador’s Bitcoin Office being all, “We’re buying BTC daily, y’all! 📈” The discrepancies in their wallet reserves are just a result of some creative accounting 🎨, not actual Bitcoin purchases.
The findings were confirmed in a letter from El Salvador’s central bank and finance ministry, which was like, “Okay, fine, we’ll tone down our Bitcoin antics 🎉.” They promised to reduce government involvement in the Bitcoin project, scale back their role in the Chivo wallet, and make BTC adoption voluntary 🙏.
Tensions between El Salvador and the IMF got spicy 🔥 earlier this year when President Nayib Bukele was all, “You can’t tell us what to do! 😤” and continued buying BTC despite international pressure. But it seems the IMF is now calling out their bluff 📝.
The IMF’s latest disclosure has raised some eyebrows 🤔 and cast doubt on El Salvador’s Bitcoin accumulation claims. Transparency and compliance, guys! It’s a thing 📚.
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2025-07-19 04:34