CryptoMedium•2 October 2026•
1 min read
El Salvador to Halt Bitcoin Purchases in Agreement with IMF
Key Facts
1El Salvador has agreed to stop further Bitcoin purchases as part of a deal with the International Monetary Fund.
2The IMF released $138 million to El Salvador while waiving a missed criterion.
El Salvador has agreed to stop further Bitcoin purchases as part of a deal with the International Monetary Fund. According to cryptonews.com, the IMF released $138 million to El Salvador while waiving a missed criterion, facilitating the country's access to a broader $1.4 billion credit facility.
The agreement follows long-standing pressure from the IMF to reduce state involvement in cryptocurrency and address fiscal risks associated with Bitcoin. While specific price levels are not currently available, the removal of a sovereign buyer from the market presents a shift in dynamics, even as the financial stability gained from the IMF deal provides a mixed macroeconomic outlook.