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Regulation Macro

El Salvador receives $138M from IMF after Bitcoin waivers

El Salvador has received $138 million from the International Monetary Fund after being granted waivers tied to Bitcoin, the IMF said. The fund said efforts will continue to reduce the state’s involvement in Bitcoin-related activities and to strengthen crypto-asset regulation and governance.

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AI take

The waivers matter more than the disbursement: the IMF is effectively accepting that El Salvador's Bitcoin exposure will be wound down gradually rather than reversed outright, which keeps the country inside a conventional financing program while leaving its crypto holdings intact. That balance is now the template other sovereigns with crypto positions may study. Whether the state's retreat from Bitcoin-related activity accelerates, or stalls as domestic politics intervene, is the open question.

Generated by AI for reference only.

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