#IMFApprovesElSalvador$138MWithBitcoinWaiver
🚨 The IMF just unlocked $138M for El Salvador — but Bitcoin comes with conditions. 🇸🇻₿
The IMF approved an immediate $138M disbursement after completing its second and third reviews of El Salvador’s $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 government’s 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 isn’t simply whether the IMF accepted Bitcoin.
It’s how much sovereign Bitcoin exposure it is willing to tolerate going forward. 👀
$BTC
#Bitcoin #ElSalvador #IMF #crypto #BTC
🚨 The IMF just unlocked $138M for El Salvador — but Bitcoin comes with conditions. 🇸🇻₿
The IMF approved an immediate $138M disbursement after completing its second and third reviews of El Salvador’s $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 government’s 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 isn’t simply whether the IMF accepted Bitcoin.
It’s how much sovereign Bitcoin exposure it is willing to tolerate going forward. 👀
$BTC
#Bitcoin #ElSalvador #IMF #crypto #BTC
