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El Salvador

El Salvador’s bitcoin experiment: $60 million lost, $375 million spent, little to show so far

Salvadoran President, Nayib Bukele speaks during an event in May 2021. El Salvador become the first country to adopt bitcoin as legal tender in June.Camilo Freedman | SOPA Images | LightRocket | Getty ImagesIt has been more than a year…
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Crypto Monnaie

El Salvador’s $425 million bitcoin experiment isn’t saving the country’s finances

A bystander uses a Bitcoin ATM in San Salvador, El Salvador, on May 16, 2022.Alex Pena | Anadolu Agency | Getty ImagesEl Salvador bet its economic salvation on bitcoin, but so far the gamble isn't paying off like President Nayib Bukele…
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Crypto Monnaie

Drop bitcoin as legal tender, IMF urges El Salvador

A woman vends by a sign that reads, "Bitcoin accepted here", outside a store where the cryptocurrency is accepted as a payment method in San Salvador, El Salvador September 24, 2021.Jose Cabezas | ReutersThe International Monetary Fund is…
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