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Bitcoin is no longer legal currency in El Salvador

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

Nayib Bukele kills Salvadoran bitcoin initiatives to appease IMF

Authorities in El Salvador have agreed to end the use of bitcoin for tax payments by February 2025 in order to secure an IMF loan extension.

Simplistic calculations of El Salvador’s bitcoin holdings assume that a rally to $100K would allow IMF loan repayment. It probably won’t.

El Salvador’s bitcoin wallet Chivo has experienced another major hack, this time targeting cash-dispensing ATMs.

A hacker in El Salvador has released detailed information, including full names, birthdays, phone numbers, and social security numbers.