#IMFApprovesElSalvador$138MWithBitcoinWaiver
๐จ The IMF just unlocked $138M for El Salvador โ but Bitcoin comes with conditions. ๐ธ๐ปโฟ
The IMF approved an immediate $138M disbursement after completing its second and third reviews of El Salvadorโs $1.4B financing program.
The interesting part? El Salvador missed a performance criterion tied to Bitcoin accumulation, but the IMF granted a waiver after documentation showed the additional BTC came from private donations rather than public funds.
At the same time, the IMF still wants the governmentโs direct involvement in Bitcoin reduced. Majority ownership and control of Chivo has moved to a private operator, while the IMF says the remaining public-sector exposure should be unwound. It also says no further Bitcoin accumulation is envisaged beyond documented donations.
So the key question isnโt simply whether the IMF accepted Bitcoin.
Itโs how much sovereign Bitcoin exposure it is willing to tolerate going forward. ๐
$BTC
#Bitcoin #ElSalvador #IMF #crypto #BTC
๐จ The IMF just unlocked $138M for El Salvador โ but Bitcoin comes with conditions. ๐ธ๐ปโฟ
The IMF approved an immediate $138M disbursement after completing its second and third reviews of El Salvadorโs $1.4B financing program.
The interesting part? El Salvador missed a performance criterion tied to Bitcoin accumulation, but the IMF granted a waiver after documentation showed the additional BTC came from private donations rather than public funds.
At the same time, the IMF still wants the governmentโs direct involvement in Bitcoin reduced. Majority ownership and control of Chivo has moved to a private operator, while the IMF says the remaining public-sector exposure should be unwound. It also says no further Bitcoin accumulation is envisaged beyond documented donations.
So the key question isnโt simply whether the IMF accepted Bitcoin.
Itโs how much sovereign Bitcoin exposure it is willing to tolerate going forward. ๐
$BTC
#Bitcoin #ElSalvador #IMF #crypto #BTC
