#imfgrantswaiverforelsalvadorbitcoinbreach 🚨 IMF RELEASES $138M TO EL SALVADOR — BUT THERE’S A BIG BITCOIN CATCH 🇸🇻
The IMF has completed its second and third reviews of El Salvador’s $1.4B Extended Fund Facility — unlocking an immediate $138 million disbursement.
But the Bitcoin part of the agreement is what has the crypto market watching. 👀
🇸🇻 El Salvador received waivers for certain unmet performance criteria related to Bitcoin accumulation, after authorities committed to corrective measures.
And there’s an important condition going forward:
🚫 No further public-sector Bitcoin accumulation is envisaged beyond documented donations.
The IMF is also pushing for continued reduction of the government’s direct involvement in Bitcoin-related activities, including unwinding remaining public-sector exposure to the Chivo wallet.
So the latest picture looks like this:
💰 $138M released ✅
⚠️ Bitcoin-related criteria waived ✅
🚫 No further BTC accumulation expected, except documented donations
🇸🇻 State involvement in Bitcoin being reduced
This doesn't mean El Salvador is abandoning Bitcoin.
Instead, the country's Bitcoin experiment appears to be entering a different phase — with the IMF program placing greater emphasis on transparency, regulation and reducing direct government exposure to crypto assets.
For Bitcoin investors, the interesting question is:
👉 Can El Salvador continue its Bitcoin strategy while reducing direct government involvement?
The next phase of the experiment could be very different from what we saw during the initial years.
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