El Salvador Agrees to Halt Further Bitcoin Accumulation Under IMF Deal

Key points

• The IMF completed El Salvador's second and third reviews, authorizing an immediate disbursement of SDR 101.96 million, about $138 million, the article said.
• Waivers were granted for unmet performance criteria, including one on Bitcoin accumulation, with the program stating no further accumulation beyond documented donations.
• IMF official Dan Katz called Chivo's transfer to a private operator welcome and said residual public-sector exposure should be fully unwound.

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