The International Monetary Fund confirms El Salvador is in talks to sell its Chivo Bitcoin wallet. A $120 million deal in May required El Salvador to stop acquiring Bitcoin, but recent reports show the country’s continued crypto purchases. The IMF agreement also limits public sector Bitcoin activity and private sector acceptance to be voluntary.

President Nayib Bukele of El Salvador vows to continue buying Bitcoin daily, despite the IMF deal. The country recognized Bitcoin as legal tender in 2021, with the government holding 7,509 Bitcoin worth about $659 million. Uncertainty looms over how Bukele’s statement will impact the IMF agreement.

Read more at Cointelegraph: IMF confirms El Salvador Government will Sell Chivo Bitcoin Wallet