Loading...
Market
Entity managing Chivo wallet by end of 2025?
4
Resolution / Starting Odds
El Salvador Government • 25%
Private Company • 25%
Joint Venture • 25%
Other • 25%
Official announcements from the El Salvador government or credible news reports
Story
El Salvador Gets $1.4B IMF Loan, Will Sell Chivo Wallet, Continue Buying Bitcoin
Dec 19, 2024, 03:14 PM
El Salvador has reached a staff-level agreement with the International Monetary Fund (IMF) on a $1.4 billion loan deal, potentially unlocking up to $3.5 billion in total financing over 40 months. This agreement comes after four years of negotiations strained by El Salvador's adoption of Bitcoin as legal tender in 2021. Under the deal, El Salvador will scale back its Bitcoin policies by making Bitcoin acceptance by merchants voluntary, phasing out or selling its government-backed Chivo wallet, and ensuring taxes are paid exclusively in US dollars. Despite these concessions, Bitcoin will remain legal tender in the country, and the government plans to continue purchasing Bitcoin, possibly at an accelerated pace, for its strategic reserves. Recently, El Salvador added 11 Bitcoins, worth over $1 million, to its strategic Bitcoin reserve, reaffirming its commitment to a long-term Bitcoin vision.
View original story
Similar markets
Yes • 50%
No • 50%
Technical issues • 25%
Financial constraints • 25%
Political pressure • 25%
Other reasons • 25%
Significantly reduced usage • 25%
Stable usage • 25%
Increased usage • 25%
Discontinued • 25%
Apple Pay • 25%
Google Pay • 25%
Venmo • 25%
Other • 25%
MetaMask • 33%
Trust Wallet • 33%
Exodus Wallet • 33%
Trust Wallet • 25%
Coinbase Wallet • 25%
Ledger Live • 25%
Other • 25%
MetaMask • 25%
Phantom • 25%
Coinbase Wallet • 25%
Other • 25%
Apple Pay • 25%
Google Pay • 25%
Venmo • 25%
Other • 25%