[IMF Approves $138 Million Disbursement to El Salvador, Calls for Reduced State Involvement in Bitcoin Activities] Odaily Planet Daily News: The International Monetary Fund (IMF) has completed the second and third reviews of El Salvador's 40-month Extended Fund Facility arrangement, approving an immediate disbursement of approximately $138 million under a $1.4 billion financing plan. Despite some performance criteria not being met, the IMF granted waivers based on corrective measures and renewed commitments. The IMF stated that El Salvador will continue to reduce state involvement in Bitcoin-related activities, strengthen crypto asset regulation, governance, and transparency of public sector crypto asset holdings, and refrain from increasing Bitcoin holdings beyond recorded donations. The majority ownership and operational control of the government’s Chivo Bitcoin wallet have been transferred to private operators. (Cointelegraph)
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