IMF Releases $138 Million to El Salvador After Bitcoin Waivers
Cointelegraph.com reported that the IMF disbursed $138 million to El Salvador after granting Bitcoin waivers. The IMF said efforts will continue to reduce the state's role in Bitcoin-related activities and strengthen crypto-asset regulation and governance.
Cointelegraph.com reported that the International Monetary Fund has released $138 million to El Salvador after granting waivers tied to Bitcoin. The report said the IMF also stated that efforts will continue to reduce the state's involvement in Bitcoin-related activities.
Cointelegraph.com said the IMF added that work will continue to strengthen crypto-asset regulation and governance in the country.
Key Takeaways
- Cointelegraph.com reported that the IMF released $138 million to El Salvador after Bitcoin waivers were granted.
- The IMF said efforts will continue to reduce the state's involvement in Bitcoin-related activities.
- The IMF said it will also continue to strengthen crypto-asset regulation and governance.
Context
El Salvador has been closely associated with Bitcoin through its public-sector policies and related regulatory discussions. The IMF has previously linked financial support and program conditions to policy changes affecting the country's Bitcoin-related activities.
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