El Salvador agreed to provide comprehensive data on its Bitcoin holdings and transactions to the International Monetary Fund (IMF) in exchange for a $1.4 billion bailout package.
The IMF's conditions aim to reduce risks related to Bitcoin, focusing on enhanced transparency and accountability in the government's BTC activities.
The government is required to report all hot and cold wallet addresses and corresponding BTC amounts owned or controlled by the Salvadoran public sector by specific deadlines.
El Salvador must adopt a new business plan to halt the use of public funds in the state-sponsored digital wallet, Chivo, and enact a comprehensive framework governing its Bitcoin and crypto assets by December 2025.