The International Monetary Fund has confirmed negotiations to sell El Salvador’s state-run Chivo bitcoin wallet.
The IMF said discussions with Salvadoran authorities are well advanced.
Talks form part of ongoing engagement over El Salvador’s bitcoin policies.
The statement followed a broader financing agreement reached earlier this year.
Under the deal, the IMF committed one hundred twenty million dollars.
The funding forms part of a wider one point four billion dollar loan package.
Conditions included scaling back the government’s direct involvement in bitcoin.
Authorities agreed to wind down participation in the Chivo wallet.
Public sector bitcoin-related economic activity was to be confined.
Private sector bitcoin acceptance was to remain voluntary.
The IMF said there were separate discussions regarding bitcoin purchases.
It remains unclear whether the government is fully complying.
The IMF reported in July that no bitcoin had been bought since December.
El Salvador’s Bitcoin Office has continued to announce purchases publicly.