PANews reported on December 19 that according to Jinshi, the director of the Bitcoin Office of El Salvador said that after reaching an agreement with the International Monetary Fund, the official Bitcoin wallet Chivo will be sold or discontinued. He also said that Bitcoin will continue to be the legal currency of El Salvador, and El Salvador will continue to purchase Bitcoin, possibly at a faster rate, as its strategic reserve.
Earlier news, El Salvador reached a $1.4 billion loan agreement with the IMF, and Bitcoin payments will be changed to voluntary.
