Market
What will be the primary reason for discontinuing the Chivo Wallet by December 31, 2024?
2
Resolution / Starting Odds
Technical issues • 25%
Financial constraints • 25%
Political pressure • 25%
Other reasons • 25%
Official announcements from El Salvador's government or related press releases
Story
El Salvador to Ramp Up Bitcoin Buys for Strategic Reserve Despite IMF Agreement on Chivo Wallet
Dec 19, 2024, 03:01 PM
El Salvador plans to continue purchasing Bitcoin, potentially at an accelerated pace, for its strategic reserve, according to statements from Herbert, the Director of the Bitcoin Office in the country. This move comes despite an agreement with the International Monetary Fund (IMF) that will lead to the sale or discontinuation of the country's official Bitcoin wallet, Chivo. Bitcoin will remain legal tender in El Salvador, as confirmed by Herbert.
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Similar markets
No • 50%
Yes • 50%
Joint Venture • 25%
El Salvador Government • 25%
Other • 25%
Private Company • 25%
Discontinued • 25%
Significantly reduced usage • 25%
Stable usage • 25%
Increased usage • 25%
Security breach • 25%
Regulatory issues • 25%
Other • 25%
Financial insolvency • 25%
Other • 25%
Cross-border transactions • 25%
Taxation issues • 25%
Compliance with local laws • 25%
Yes • 50%
No • 50%
Security concerns • 25%
Other reasons • 25%
Policy changes • 25%
Technical issues • 25%
Other • 25%
Security breach • 25%
Financial insolvency • 25%
Regulatory pressure • 25%