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The International Monetary Fund praises El Salvador’s economic growth as discussions over the Bitcoin strategy continue.

On December 22, the International Monetary Fund (IMF) announced that talks regarding El Salvador’s Bitcoin initiative are ongoing, with a specific focus on “enhancing transparency, safeguarding public resources, and mitigating risks.” The international financial institution is also engaged in advanced negotiations for the sale of the government-run e-wallet Chivo.

The Chivo wallet has been at the center of numerous controversies. Users have reported widespread issues related to identity theft, fraud, and technical malfunctions, which led to the suspension of many accounts.

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~Politics_And_Law