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El Salvador to Shut or Sell Chivo Crypto Wallet as Part of $3.5B IMF Deal

The country's concessions include that taxes must be paid in U.S. dollars, not bitcoin, and bitcoin acceptance will be made voluntary in the private sector.

Dec 19, 2024, 4:10 p.m.
Nayib Bukele, president of El Salvador (Ulises Rodriguez/APHOTOGRAFIA/Getty Images).
Nayib Bukele, president of El Salvador (Ulises Rodriguez/APHOTOGRAFIA/Getty Images)