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

In a Monday statement, the IMF's mission chief for El Salvador said government officials are in advanced negotiations to sell the state-run Chivo Bitcoin wallet, as part of a broader Bitcoin project under discussion. The sale talks follow a May loan agreement for $1.4 billion, including a $120 million disbursement in 2024 and terms under which the government would stop buying Bitcoin and scale back its role in BTC-related activities.