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IMF Sends El Salvador $139M While Urging Bitcoin Retreat

Original: IMF Releases $139M to El Salvador, Still Pushes Country to Scale Back Bitcoin The IMF approved a disbursement for El Sal

The International Monetary Fund has approved a $139 million disbursement to El Salvador, but continues pressing the government to scale back its Bitcoin activities. The fund wants the country to wind down its public Bitcoin accumulation program and limit state involvement in the crypto sector. The move highlights the ongoing tension between El Salvador's Bitcoin adoption strategy and the conditions attached to IMF financial support.

Why now: The contrast between the IMF releasing funds and simultaneously demanding El Salvador curb its Bitcoin policy is a notable development in the country's crypto experiment.

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Evidence

• IMF Releases $139M to El Salvador, Still Pushes Country to Scale Back Bitcoin The IMF approved a disbursement for El Salvador while pressing the country to wind down its Bitcoin accumulation program and limit state involvement. https:// newisty.com/blog/imf-releases-… · newisty

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