El Salvador’s Bitcoin experiment has made it some powerful enemies.
Bitcoin is now officially legal tender in El Salvador, but Nayib Bukele’s plans don’t stop there. The eccentric president announced using the country’s volcanoes for “green” Bitcoin mining and a “golden visa program” for Bitcoin investors.
The policies were welcomed in the crypto community. However, not everyone is as excited. Global financial institutions the least of the bunch. The International Monetary Fund (IMF) was the first to raise concerns over El Salvador’s ambitious crypto plans. IMF officials warned of significant risks that come with crypto assets.Institutional investors took notice and proceeded […]
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