IMF Continues Discussions on El Salvador's Bitcoin Project and Chivo Wallet Sale

According to Foresight News, the International Monetary Fund (IMF) has announced ongoing negotiations with El Salvador regarding its Bitcoin initiative and the sale of the government's electronic wallet, Chivo. The IMF stated that significant progress has been made in these discussions. El Salvador's government has agreed at the policy level not to actively increase its Bitcoin holdings and is moving forward with the exit of the Chivo wallet. However, the official Bitcoin office in El Salvador continues to purchase one Bitcoin daily and reported on December 22 that its holdings have increased to 7,509 Bitcoins. The IMF has set a deadline for El Salvador to fully comply by the end of 2025.