IMF and El Salvador are still deep in talks, trying to sort out their differences over the country’s Bitcoin adventure and what to do with the government-run Chivo Wallet. The heart of the issue? El Salvador wants to steady its finances but doesn’t want to completely turn its back on its big Bitcoin bet. The IMF keeps warning about risks to the economy and the lack of transparency that came with adopting Bitcoin. Even though the government’s already pulled back on some of its crypto plans to get much-needed international money, the IMF isn’t satisfied. They want bigger, more permanent changes.

A big sticking point is what happens to Chivo, that digital wallet the government rolled out to get people using Bitcoin. At first, it made headlines. Now, not so much most people aren’t using it, it’s expensive to run, and there have been security headaches. The IMF thinks selling it off or letting private companies handle it could save the government money and show the world El Salvador’s moving away from running its own crypto tech.

But for El Salvador, these negotiations are a balancing act. They need the IMF’s help, but they don’t want to ditch Bitcoin completely. It still matters to some folks at home and catches the eye of people abroad. The government keeps saying Bitcoin is still legal money, even if they’re not pushing it as hard as before.

These talks aren’t just about El Salvador, either. They’re a test case for how big international groups like the IMF deal with countries that jump into crypto with both feet. Whatever they decide could set the tone either as a success story or a warning for other governments thinking about cozying up to Bitcoin and still needing help from the world’s lenders.