A. M. 
The spokeswoman for the Bitcoin Office of El Salvador, Stacy Herbert, announced through her X account that the state-owned e-wallet Chivo Wallet could be sold or discontinued.
This decision comes in the context of a technical agreement reached with the International Monetary Fund (IMF) for a new US$1.4 billion financing program under the IMF’s Extended Fund Facility (SAF), aimed at supporting economic reforms in the country.
Despite the likely sale or discontinuation of the wallet, the various private sector bitcoin wallets will continue to provide services to Salvadorans. In addition, bitcoin’s status as legal tender in the country remains intact, reinforcing the government’s strategy of integrating this cryptocurrency into the national economy.
El Salvador will also accelerate the purchase of bitcoin for its Strategic Reserve, strengthening its position as a pioneer in the adoption of this financial technology. The Bitcoin Office will continue to develop policies to attract investors and launch educational programs, including materials designed to teach second and third graders about bitcoin and finance, scheduled for january 2025.
In addition, initiatives such as CUBO+ will continue to train local talent in bitcoin development and Lightning, with a new cohort of graduates expected in early 2025. In parallel, the “My First Bitcoin” and “Node Nation” educational programs will continue to be taught in high schools, fostering a broader understanding of blockchain technology among young people.
The government will also continue to train its civil servants through the ESIAP program, which seeks to certify 80,000 employees in bitcoin literacy. These actions reflect El Salvador’s commitment to consolidate itself as a global leader in bitcoin adoption while adjusting its policies to comply with international agreements.
