TechFlow, Dec 24 — According to the International Monetary Fund (IMF), the Salvadoran government is advancing negotiations to sell its state-owned Chivo Bitcoin wallet, with talks having "made good progress." In a statement on Monday, the IMF confirmed that the Salvadoran government continues discussions with IMF officials regarding its Bitcoin project, noting that negotiations for the sale of the Chivo digital wallet have entered an advanced stage.
Earlier reports indicated that the IMF reached an agreement with El Salvador, under which the IMF will provide a $1.4 billion loan in exchange for the Salvadoran government halting further Bitcoin purchases.
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