El Salvador’s digital bitcoin wallet, Chivo, may be either sold or discontinued, according to an official announcement.

This decision follows a US$1.4 billion loan agreement reached with the International Monetary Fund (IMF) the previous day.

Stacy Herbert, the director of El Salvador’s national bitcoin office, said that bitcoin will continue to be legal tender in the country.

The government plans to keep purchasing the cryptocurrency, possibly at an increased rate, for its strategic reserves.