io
📰 El Salvador receives $138 million from IMF after Bitcoin waivers granted
The International Monetary Fund (IMF) has approved a $138 million disbursement to El Salvador as part of its $1.4 billion financing program, despite the country missing some performance criteria related to Bitcoin accumulation. The IMF emphasized the need to reduce state involvement in Bitcoin activities and enhance crypto regulation and governance, while noting that El Salvador's recent Bitcoin holdings were funded through private donations rather than public resources. Additionally, the majority control of the government-operated Chivo Bitcoin wallet has been transferred to a private operator, with the government retaining a minority stake.
📰 El Salvador receives $138 million from IMF after Bitcoin waivers granted
The International Monetary Fund (IMF) has approved a $138 million disbursement to El Salvador as part of its $1.4 billion financing program, despite the country missing some performance criteria related to Bitcoin accumulation. The IMF emphasized the need to reduce state involvement in Bitcoin activities and enhance crypto regulation and governance, while noting that El Salvador's recent Bitcoin holdings were funded through private donations rather than public resources. Additionally, the majority control of the government-operated Chivo Bitcoin wallet has been transferred to a private operator, with the government retaining a minority stake.
