IMF Praises El Salvador — But Still Tries To Scale Back Its Bitcoin Project

Key points

• The IMF approved a $139 million disbursement to El Salvador while saying it aims to reduce the state's involvement in Bitcoin-related activities.
• The IMF said some performance criteria, including on Bitcoin accumulation, were unmet, but waivers were granted citing corrective measures and renewed commitments.
• According to the IMF, no further bitcoin accumulation is envisaged beyond documented donations; El Salvador's Bitcoin Office has repeatedly said it does buy bitcoin.

AI summary of Bitcoin Magazine’s report, written only from the publisher’s text. Read the original for full context.