IMF halts El Salvador's government Bitcoin purchases, approving $138M disbursement with waiver over accumulation-limit breach
Per Coin Bureau, the IMF approved a fresh $138 million disbursement to El Salvador under its $1.4 billion program and granted a waiver after the country breached Bitcoin accumulation limits set by the Fund. The IMF is reportedly demanding greater transparency around the government's Bitcoin holdings as part of efforts to reduce state involvement in Bitcoin-related activities. No further government Bitcoin accumulation is envisaged beyond documented donations, effectively ending El Salvador's sovereign Bitcoin buying.
Per Coin Bureau, the IMF approved a fresh $138 million disbursement to El Salvador under its $1.4 billion program and granted a waiver after the country breached Bitcoin accumulation limits set by the Fund. The IMF is reportedly demanding greater transparency around the government's Bitcoin holdings as part of efforts to reduce state involvement in Bitcoin-related activities. No further government Bitcoin accumulation is envisaged beyond documented donations, effectively ending El Salvador's sovereign Bitcoin buying.
Key facts
- The IMF approved a fresh $138 million disbursement to El Salvador under its $1.4 billion program, per Coin Bureau.
- The IMF granted El Salvador a waiver for breaching Bitcoin accumulation limits set by the Fund, per Coin Bureau.
- The IMF is demanding greater transparency around the Salvadoran government's Bitcoin holdings, per Coin Bureau.
- No further government Bitcoin accumulation is envisaged beyond documented donations, per Coin Bureau.
- The measures are part of continued efforts to reduce the Salvadoran state's involvement in Bitcoin-related activities, per Coin Bureau.
- cryptodotnews also reported that the IMF is limiting any further Bitcoin accumulation by El Salvador alongside the $138M disbursement and waiver.
Sources · 2 sources
- CN
crypto.news@cryptodotnewsPost on X ·
JUST IN: IMF limits El Salvador from further Bitcoin accumulation After approving a $138M disbursement under its $1.4B program and giving the country a waiver for breaching its Bitcoin accumulation limits, the IMF is demanding greater transparency around the government’s Bitcoin holdings and limiting any further BTC accumulation.
Open source - CB
Coin Bureau@coinbureauPost on X ·
🇺🇳 NEW: IMF forces El Salvador to HALT its Bitcoin purchases. After approving a fresh $138M disbursement under its $1.4B program, the IMF granted El Salvador a waiver for breaching its Bitcoin accumulation limits set by the Fund. The Fund is also demanding greater transparency around the government’s Bitcoin holdings in continued efforts to reduce the state’s involvement in Bitcoin-related activities. No further government BTC accumulation is envisaged beyond documented donations, effectively endings El Salvador’s sovereign Bitcoin buying spree.
Open source