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IMF Releases $138 Million to El Salvador After Waiving Bitcoin Conditions

Original: IMF releases $138 million to El Salvador after waiving Bitcoin-related conditions The IMF approved a $138 million disbur

The International Monetary Fund has approved a $138 million disbursement to El Salvador under its $1.4 billion program, choosing to grant waivers after the country missed targets related to Bitcoin accumulation. The decision means El Salvador receives the funds despite not fully meeting the Bitcoin-related conditions attached to the lending arrangement, a move that is drawing attention given the country's ongoing embrace of cryptocurrency as legal tender.

Why now: The IMF relaxing Bitcoin-related conditions for a country that made cryptocurrency legal tender is a notable shift in its stance.

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• IMF releases $138 million to El Salvador after waiving Bitcoin-related conditions The IMF approved a $138 million disbursement to El Salvador under its $1.4 billion program, granting waivers on missed Bitcoin accumulation criteria. https:// newisty.com/blog/imf-releases-… · newisty

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