Bitcoin24h $63,568.86-0.44%

Ethereum24h $1,905.74+0.65%

BNB24h $568.16+0.18%

XRP24h $1.06-0.56%

Solana24h $73.30-1.10%

TRON24h $0.3241-0.28%

Hyperliquid24h $54.73-2.91%

Dogecoin24h $0.0701-0.45%

UNUS SED LEO24h $9.75+0.03%

Zcash24h $461.90-3.36%

Every country that has failed to make bitcoin legal tender

Nation-state BTC adoption efforts have entirely failed to convince countries to adopt the world’s foremost crypto as legal tender.

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.

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.