El Salvador has agreed to sell or discontinue its national Bitcoin wallet, Chivo, after signing a deal with the International Monetary Fund (IMF).
El Salvador became the first country to accept Bitcoin as legal tender in 2021, but the move faced protests and concerns over instability and inflation.
The World Bank refused to support El Salvador's decision, citing concerns over transparency and environmental impact.
El Salvador's Bitcoin adoption aims to transition the country from a cash economy to a digital economy, benefiting the majority of the population without bank accounts or credit cards.