El Salvador receives $138 million from IMF after Bitcoin waivers granted
- —IMF disbursed $138 million to El Salvador under its program
- —Condition includes reducing state involvement in Bitcoin activities
- —El Salvador pledged stronger crypto-asset regulation and governance
Why it matters: The deal cements El Salvador's retreat from its Bitcoin experiment and sets a precedent for countries negotiating with the IMF.
Source: Cointelegraph