IMF: El Salvador commits to no more bitcoin purchases with public funds

This marks a notable policy pivot for El Salvador, as the IMF-backed commitment effectively curtails state-led bitcoin accumulation, shifting the focus to private-sector involvement. The Chivo wallet's privatization signals a retreat from the public infrastructure experiment, which could reduce sovereign crypto exposure risk. What matters next is whether this constraint alters bitcoin's role in the economy or simply redefines it as a private market phenomenon. The open question is how this shapes future sovereign adoption narratives elsewhere, particularly in jurisdictions watching IMF terms closely.