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

- The International Monetary Fund (IMF) has announced that negotiations are well advanced for the sale of El Salvador's state-run Chivo Bitcoin wallet, while President Nayib Bukele has reiterated his government's commitment to continue purchasing Bitcoin.
- This development is significant as it highlights the ongoing tension between El Salvador's aggressive Bitcoin acquisition strategy and the IMF's concerns regarding the country's financial stability and adherence to loan agreements.
- The situation reflects broader debates on cryptocurrency adoption in national economies, particularly in El Salvador, where the government aims to enhance financial inclusion and attract foreign investment despite facing scrutiny over its fiscal policies and the sustainability of its Bitcoin strategy.
— via World Pulse Now AI Editorial System


