IMF and El Salvador agree Bitcoin compliance goals at risk, Chivo wallet involved in controversy

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According to Foresight News and cryptonewz, the International Monetary Fund (IMF) is facing challenges with El Salvador's Bitcoin compliance objectives. These goals aim to ensure macroeconomic stability and anti-money laundering compliance. The official crypto wallet Chivo has experienced technical issues, cybersecurity concerns, and user dissatisfaction since its launch. Wallet vulnerability reports have raised questions about the effectiveness of anti-money laundering and counter-terrorism financing measures. Failure to prove compliance could jeopardize its $1.3 billion IMF loan and impact the credibility and investment interest in El Salvador's Bitcoin initiative.

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