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IMF Confirms Progress on El Salvador’s Chivo Bitcoin Wallet Sale

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Bitcoin breaking news: The IMF confirmed ongoing talks about the sale of El Salvador’s Chivo Wallet. The update follows a May deal where the IMF agreed to release $120 million from a $1.4 billion loan, requiring the government to reduce Bitcoin-related public activities. Mixed messages from the Bitcoin Office and President Bukele have sparked compliance concerns. In Bitcoin news, Brazil is using Bitcoin data in a music project.
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