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El Salvador gets its bitcoin from Bitfinex, raising control concerns

According to articles by Altamirano Publishing in El Salvador, researchers suspect Bitfinex has incredible control over the state’s bitcoin.

IMF wants to doxx Chivo wallets, BTC balances of El Salvador state users

Before El Salvador shuts down Chivo, the IMF wants the names, wallet addresses, and BTC holdings of all legal persons controlled by the state.

The International Monetary Fund approved the loan on the condition that El Salvador scale down its Bitcoin project.

As El Salvador submits to requests by the IMF, it has modified its laws to diminish bitcoin’s role in the economy.

Crypto remittances to El Salvador as a proportion of total remittances have fallen to new lows, despite the country embracing digital assets.