El Salvador has committed to make no further Bitcoin acquisitions with public funds under its agreement with the International Monetary Fund, while the state-backed Chivo e-wallet has largely exited public participation. The IMF said Bitcoin purchases recorded since the first review were verified as having been financed by private donations rather than public resources.
The update came as the IMF reached a staff-level agreement with Salvadoran authorities on the combined second and third reviews under the Extended Fund Facility arrangement. If approved by the IMF Executive Board, El Salvador would receive about $140 million, or SDR 101.96 million, in funding.
The two sides also agreed on steps to modernize the legal, regulatory, and supervisory framework for digital assets and to strengthen governance and risk management for public-sector crypto asset holdings.
IMF Says El Salvador Will Make No Further Public-Fund Bitcoin Purchases
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