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The IMF and El Salvador have made progress in negotiations regarding Bitcoin, and full compliance is required by the end of next year.
The International Monetary Fund (IMF) has recently released a statement indicating that it has made significant progress in negotiations with El Salvador regarding the Bitcoin project and the government's electronic wallet, Chivo. According to the IMF, the El Salvador government has committed at the policy level to no longer actively accumulate Bitcoin and is advancing its exit plan for the Chivo wallet.
However, there is an interesting contrast here. The official Bitcoin office of El Salvador recently claimed that it is still purchasing 1 BTC daily, and even announced on December 22 that its holdings have increased to 7509 coins. It seems that there is some discrepancy between verbal commitments and actual actions.
The IMF is quite adamant about this, clearly demanding that El Salvador must fully fulfill these commitments by the end of 2025. This tug-of-war between the two sides will continue, and the final outcome will have to be determined by time.
This is ridiculous, verbal promises and actual actions are completely different things.
Damn, we have to wait until the end of next year, betting that they will still do it.
The president of El Salvador is really hardcore, daring to confront the IMF like this.
Let's see if they really stop by the end of 2025, anyway, I don't believe it.
Nodding to the IMF and saying good while continuing to pile up Bitcoin, El Salvador's combination of moves is indeed fierce.
Verbal promises vs actual actions, the eternal classic contradiction, just waiting to see how it ends by the end of next year.
The IMF really has them in a tight spot, they have no choice but to pretend to compromise.
If it were me, I would have just directly aped in, who cares about the protocol.
2025? By then, they will have to change the narrative again, betting 5U.
Another tug-of-war between policy and reality, the government is still the best player in Web3.
Low-key building a position while high-profile admitting defeat, I've seen this tactic before.
I have to say, El Salvador's move is quite interesting, claiming compliance while actually hoarding.
A verbal protocol is just a joke, real BTC is the true love
By the end of 2025? I bet 5 bullets this matter will still be range-bound
Saying they will stop accumulating but secretly continue to buy, this operation is really something
The IMF is meddling a bit too much, they should not interfere in the internal affairs of other countries.