$BTC

Big cake continues to take off. December 20th, El Salvador's official in charge of Bitcoin affairs said on the 19th that the country plans to gradually deactivate or privatize the official Bitcoin trading platform "Chivo Crypto Wallet" in exchange for the International Monetary Fund's agreement to provide loans, but Bitcoin will still maintain its legal currency status.

Stacey Herbert, director of the El Salvador National Bitcoin Office, announced the news on social media. She said that "Chivo Crypto Wallet" will be "sold or gradually reduced."

The International Monetary Fund said on the 18th that according to the $1.4 billion loan agreement just reached with the Salvadoran government, the acceptance of Bitcoin in the private sector in El Salvador must be voluntary, and "public sector participation in Bitcoin-related economic activities and Bitcoin transactions and purchases will be restricted" to "mitigate" risks related to Bitcoin.