IMF wants to doxx Chivo wallets, BTC balances of El Salvador state users
IMF wants to doxx Chivo wallets, BTC balances of El Salvador state users President Nayib Bukele of El Salvador needed more than bitcoin (BTC) to keep his administration afloat and has agreed to difficult loan terms from the International Monetary Fund (IMF). Financial disclosure terms of the new 40-month, $1.4 billion extended fund facility arrangement require the doxxing of wallet addresses and BTC holdings of all legal persons controlled by the state, including Chivo users in the government. These name- and wealth-sharing disclosures compound already strict conditions that the IMF levied on the country as part of its $1.4 billion loan facility. Bitcoin is already revoked from the country’s legal definition of currency. Now, the lending giant is forcing El Salvador to take another step backward in its use of BTC by doxxing legal persons controlled by the state who own the crypto. Bukele has already agreed to shutter the Chivo service entirely. The IMF believe...