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IMF says El Salvador in talks to sell state-run Chivo Bitcoin wallet

The International Monetary Fund (IMF) has confirmed that El Salvador is in advanced negotiations to sell its state-run Chivo Bitcoin wallet. This move is part of the country’s ongoing discussions with the IMF regarding its Bitcoin policies, following a May agreement in which El Salvador committed to stop acquiring Bitcoin in exchange for a $1.4 billion loan. Despite the deal, the government, led by President Nayib Bukele, has continued to announce Bitcoin purchases, including a $100 million acquisition in November. As of Monday, El Salvador holds 7,509 BTC, worth approximately $659 million. Bukele has publicly stated that the country will continue buying at least one Bitcoin daily, raising questions about compliance with the IMF agreement.

cointelegraph12/23 17:49