The IMF says negotiations for the sale of El Salvador's wallet are ”well advanced,” but President Nayib Bukele said that his government wouldn't stop buying Bitcoin.
Update (Dec. 23, 10:09 pm UTC): This article has been updated to include a statement from the IMF and clarify details on the Chivo sale.
The International Monetary Fund’s mission chief for El Salvador issued a statement confirming that government authorities were proceeding with negotiations for the sale of the country’s Chivo Bitcoin wallet.
In a Monday statement, the IMF said El Salvador’s government was continuing to discuss its Bitcoin (BTC) project with the fund’s officials, and “negotiations for the sale of the government e-wallet Chivo are well advanced.” A spokesperson said there were separate discussions regarding Bitcoin purchases.
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