IMF approves El Salvador disbursement after Bitcoin accumulation waiver
Image: Cryptonews.comThe International Monetary Fund approved an SDR 101.96 million disbursement, about $138 million, for El Salvador after granting a waiver for a missed Bitcoin accumulation condition. Under the program, no further Bitcoin accumulation is envisaged beyond documented donations. El Salvador is reducing state involvement in Bitcoin-related activities, and majority ownership and control of the Chivo wallet moved to a private operator. The 40-month program has total access of about $1.4 billion.
Key points
- The IMF approved an SDR 101.96 million disbursement, about $138 million, for El Salvador.
- The IMF granted a waiver for a missed condition tied to Bitcoin accumulation.
- El Salvador is not expected to accumulate more Bitcoin beyond documented donations.
- Majority ownership and control of El Salvador's Chivo wallet moved to a private operator.
- The 40-month IMF program provides total access of about $1.4 billion.
Why it matters
The waiver keeps IMF financing in place while removing an expected source of further sovereign Bitcoin purchases. The Chivo transfer and planned rule changes concern oversight of public crypto holdings and crypto-asset companies.
Price context · BTC
At publication
$85,381.00
Now
$86,328.00
Change since
+1.11%
7 days · dashed line = publication
Sources · 3 publishers
Cointelegraph
Tier 1
El Salvador receives $138 million from IMF after Bitcoin waivers granted
CryptoPotato
Tier 2
IMF Approves $138M for El Salvador After Bitcoin Accumulation Waiver
Coverage timeline
- First reported by Cryptonews.com
- Confirmed by Cointelegraph
- CryptoVideos brief published
How this brief was made. Our system found this event in 3 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
