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IMF Says El Salvador Is in Talks to Sell State-Run Chivo Bitcoin Wallet
On Monday, the International Monetary Fund said that El Salvador is moving forward with talks to sell its state-run Chivo Bitcoin wallet. This could mean that the government is moving further away from directly managing cryptocurrency infrastructure. The IMF released the report as part of its ongoing evaluation of a $1.4 billion loan facility agreed in 2024. The financing came with stipulations to mitigate the risks associated with the country’s early embrace of Bitcoin. The IMF’s mission chief for El Salvador said in an official statement that “negotiations for the sale of the government e-wallet Chivo are ... (full story)
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