El Salvador received a $120 million disbursement from the International Monetary Fund (IMF) following a successful review of its $1.4 billion loan agreement. This payment comes with strict conditions, including the withdrawal of government participation from the Chivo wallet by the end of July and a halt in Bitcoin holdings growth. The IMF emphasizes that the country must divest all Bitcoin-related assets and ensure their total value remains unchanged.** El Salvador has also committed to scaling back its Bitcoin ambitions as part of a broader 40-month financing deal signed in December 2024. The IMF has repeatedly urged El Salvador to reduce its cryptocurrency exposure, with recent warnings issued on March 3rd urging the country to cease further Bitcoin accumulation and related activities.