El Salvador is going to sell its $BTC national wallet Chivo?! 🇸🇻
According to Cointelegraph, the IMF has confirmed that the El Salvador government is negotiating the sale of its electronic wallet Chivo, and that "progress is smooth."
💡 XXYY.cc Core Analysis:
Embracing Regulation: El Salvador, which once clashed with the IMF, is now proactively discussing the sale of the wallet and negotiations to buy BTC, marking a formal thaw in their relationship.
Market Transformation: The inefficiency of the state-operated wallet means that handing it over to private financial giants could be the true beginning of Chivo's mainstream journey.
Capital Reserves: Is this sale aimed at acquiring more foreign exchange reserves to support its future BTC purchasing plans?
From "Radical Experiment" to "Compliant Operation," this move by El Salvador could be a template for more countries to follow suit.
Who do you think will be Chivo's successor? Coinbase or some Wall Street giant? 👇
