El Salvador received $138 million from the IMF after reducing BTC operations

The funding is being provided under a $1.4 billion program, despite not meeting all criteria. El Salvador has increased fiscal transparency to combat money laundering and transferred a controlling stake in Chivo to a private operator. At the same time, the government retained a minority stake and custodial responsibilities for the funds in this BTC wallet.

The IMF said the country will continue scaling back its involvement in cryptocurrency activities and strengthen regulation of digital assets. In addition, El Salvador buys BTC exclusively with private donations. In total, it has accumulated 7.8 thousand BTC ($672.7 million), ranking 5th among countries.