{"id":78957,"date":"2026-10-02T10:55:08","date_gmt":"2026-10-02T10:55:08","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/imf-waives-el-salvadors-bitcoin-breach-to-unlock-138m-payout-bitcoin-news\/"},"modified":"2026-10-02T10:55:08","modified_gmt":"2026-10-02T10:55:08","slug":"imf-waives-el-salvadors-bitcoin-breach-to-unlock-138m-payout-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/imf-waives-el-salvadors-bitcoin-breach-to-unlock-138m-payout-bitcoin-news\/","title":{"rendered":"IMF Waives El Salvador&#8217;s Bitcoin Breach to Unlock $138M Payout \u2013 Bitcoin News"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The IMF approved a $138M payout for El Salvador, waiving rules violated by its growing bitcoin reserves.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">El Salvador expanded its reserve to 7,792 BTC via private donations, continuing to test IMF limits.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Privatizing Chivo wallet helped El Salvador show corrective action to reduce direct state crypto ties.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>IMF Issues Bitcoin Waiver, Authorizes $138 Million Disbursement to El Salvador<\/h2>\n<p>El Salvador seems to have obtained a pass from the International Monetary Fund (IMF) after infringing a rule that forced the nation to confine its engagement in bitcoin-related economic activities, including purchases.<\/p>\n<p>On Thursday, the IMF Executive Board completed the second and third reviews of El Salvador\u2019s performance under <a href=\"https:\/\/news.bitcoin.com\/bitcoin-purchases-confined-imf-approves-1-4-billion-credit-facility-for-el-salvador\/\">a $1.4 billion extended fund facility<\/a> greenlit in February 2025. The institution praised the government\u2019s compliance with the credit facility conditions, approving a disbursement of about $138 million.<\/p>\n<p><a href=\"https:\/\/www.imf.org\/en\/news\/articles\/2026\/10\/01\/pr26316-el-salvador-imf-concludes-2nd-and-3rd-reviews-under-the-eff\" target=\"_blank\" rel=\"noopener noreferrer\">In its report<\/a>, the IMF stresses that El Salvador\u2019s economic activity has <strong>\u201cexceeded expectations,\u201d<\/strong> with fiscal consolidation advancing broadly in line with required financial reforms.<\/p>\n<p>While the IMF applauded the recent transfer of Chivo wallet\u2019s majority control to a private operator, it highlighted that <strong>\u201ccertain performance criteria were not met, including on the Bitcoin accumulation front,\u201d<\/strong> referring to the continued additions to the country\u2019s bitcoin reserve, which has already risen to 7,792 BTC according to <a href=\"https:\/\/bitcoin.gob.sv\/\" target=\"_blank\" rel=\"noopener noreferrer\">official numbers<\/a>.<\/p>\n<p>Even so, the IMF waived these infringements due to <strong>\u201cstrong corrective measures and renewed commitments,\u201d <\/strong>proposing to reduce the state\u2019s involvement in these purchases and enhance transparency around the public sector\u2019s crypto holdings.<\/p>\n<p>Previously, the IMF explained that the funding for the bitcoin added to the country\u2019s reserves <a href=\"https:\/\/news.bitcoin.com\/crypto-news\/imf-reveals-donations-fund-el-salvador-bitcoin-accumulation\/\">came from an undisclosed private donor<\/a> and that no public holdings were involved in these transactions. While the donor\u2019s identity was not disclosed, some pointed to Tether, the giant stablecoin issuer, which <a href=\"https:\/\/news.bitcoin.com\/tether-relocating-to-el-salvador-after-receiving-stablecoin-issuer-license\/\">moved its headquarters to El Salvador<\/a>. Nonetheless, no official clarification has been issued.<\/p>\n<p><strong>\u201cThe state\u2019s involvement in Bitcoin-related activities is being unwound while related regulations are enhanced,\u201d<\/strong> said Dan Katz, IMF First Deputy Managing Director, labeling Chivo Wallet\u2019s ownership transfer as a <strong>\u201cwelcome step.\u201d<\/strong><\/p>\n<p>While he stressed that no further Bitcoin accumulation was expected beyond the documented donations, El Salvador has continued to acquire, or, as it is known now, to receive donations in BTC, disregarding the IMF\u2019s past recommendations.<\/p>\n<p>It remains to be seen if President Bukele will continue to grow El Salvador\u2019s bitcoin stash or if he will stop receiving these donations, complying with the IMF\u2019s requirements going forward.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/crypto-news\/imf-waives-el-salvadors-bitcoin-breach-to-unlock-138m-payout\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways The IMF approved a $138M payout for El Salvador, waiving rules violated by its growing bitcoin reserves. El Salvador expanded its reserve to 7,792 BTC via private donations, continuing to test IMF limits. Privatizing Chivo wallet helped El Salvador show corrective action to reduce direct state [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":78958,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/78957"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=78957"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/78957\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/78958"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=78957"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=78957"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=78957"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}