El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻

[jokers10]

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United State and Canada seems not have regulated with Bitcoin transaction and I don't sure they have many BTM than El Savador have got regulated with Bitcoin
...

If bitcoin is less regulated and regulated the other way in USA and Canada it doesn't mean it is not regulated at all or prohibited. Many countries consider that what is not prohibited is allowed. So nothing strange that the biggest market has a biggest amount of BTM in the world. And we are talking about commercial BTM mostly: business expect to get more income from bitcoin servise in USA and Canada because of an economy size.

It is not mandatory to be outstanding, it is usually good to be grateful for what have.

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[n0ne]

Based on the information from Coin ATM Radar USA and Canada leads with the increased number of ATMs available for usage. El Salvador stands 6^th position which is really a big reach considering the difference in population between the countries like Canada and USA.

Based on the population difference it looks like USA have got around 700 Bitcoin ATMs for every 7 million population. The same when calculated for El Salvador, for the total population of around 7 million it have got 212 ATMs. To reach the level of USA, the country needs to have more usage and acceptance that lets Bitcoin ATM Service providers install more ATMs in El Salvador.

[bmwister]

Prices began to be duplicated in bitcoin from time to time, and the government launched a virtual wallet, Chivo, which allowed for commission-free transactions. In January, Bukele reported that 60% of the four million population had used the mobile app, and more residents had Chivo than regular bank accounts.

However, a report by the US Bureau of Economic Research shows that of those who installed the app, 80% stopped using it as soon as they spent the $30 bonus. And most of those who continue to use Chivo pay with dollars. At the same time, less than 65% of the country is covered by mobile internet.

One of the hopes pinned on bitcoin was to save hundreds of millions of dollars in money transfer fees. The money sent home by migrant workers accounts for more than 20% of El Salvador's GDP. For some households, this is the main source of income. Conventional services charge a 10% commission, and people are sometimes forced to wait for days to make a transfer.

However, as a result, only 1.6% of these transfers are made through digital wallets. A Deutsche Bank study found that people prefer to exchange bitcoins for dollars, which is not so easy to do. They often turn to unofficial money changers who set their own fees.

[mendace]

Prices began to be duplicated in bitcoin from time to time, and the government launched a virtual wallet, Chivo, which allowed for commission-free transactions. In January, Bukele reported that 60% of the four million population had used the mobile app, and more residents had Chivo than regular bank accounts.

I advise you to go to YouTube and search for Bitcoin explorer. They are a boy and girl couple who for the second year went to El Salvador (and this year also other Latin American countries) to document the adoption.  I don't want to take away the surprise but there was total disappointment as they saw with their own eyes that grassroots adoption like at Bitcoin lake or Bitcoin Jungle works much better than in all of El Salvador after a massive media campaign.

[JayJuanGee]

Prices began to be duplicated in bitcoin from time to time, and the government launched a virtual wallet, Chivo, which allowed for commission-free transactions. In January, Bukele reported that 60% of the four million population had used the mobile app, and more residents had Chivo than regular bank accounts.

However, a report by the US Bureau of Economic Research shows that of those who installed the app, 80% stopped using it as soon as they spent the $30 bonus. And most of those who continue to use Chivo pay with dollars. At the same time, less than 65% of the country is covered by mobile internet.

One of the hopes pinned on bitcoin was to save hundreds of millions of dollars in money transfer fees. The money sent home by migrant workers accounts for more than 20% of El Salvador's GDP. For some households, this is the main source of income. Conventional services charge a 10% commission, and people are sometimes forced to wait for days to make a transfer.

However, as a result, only 1.6% of these transfers are made through digital wallets. A Deutsche Bank study found that people prefer to exchange bitcoins for dollars, which is not so easy to do. They often turn to unofficial money changers who set their own fees.

You cite a variety of specific pieces of information.  Did you create this information yourself or do you have a source (or sources) for your pieces of information?

What about US Bureau of Economic Research.. Do you have a link?  Is that your only source? Is the Deutsche Bank study a different source or does it come from your same source?  Why not cite your source(s) especially when you are getting into those kinds of specifics?  Do  you have any personal opinion about this information that you are sharing?  Did you write your own post, or did you lift your text from somewhere else?

[nikokovacic90]

The IMF and World Bank can be a real pain in the a** for small countries. Bukele and his administration have made a bold move in legalizing Bitcoin and it's had positive effects on the country's development. As for the next leader, who knows what will happen. But, at least the foundation has been laid and it's up to the next guy to build on it or not. And you're right, let's call it what it is - Bitcoin. No need for all this "cryptocurrency" nonsense.

Some countries adopted with rule models of democratic system have each five years with presidential election, I don't familiar with El Savador election method. I think have another rule changed and Bitcoin viewed later if next years on 2024 if Nayib Bukele loss his position as president, I don't Bitcoin keep exist there as legal currency transaction due with democratic countries system the power or rule change at President hands.

I hope Nayib Bukele can exist as El Savador president for one period later due he has bigger contribution make Bitcoin as legal currency payment transaction there. Have little opinion about survey claiming is not accurate information and not become indicate about how potential become the winning in presidential election.

The president in El Salvador is elected for 5 years, and since Bukele was elected in 2019, more than half of his term as president of the country has already passed. It is difficult to say what will happen when another person becomes the head of state, but it will not be so easy to make changes, and why do it now, when it has a positive effect on the development of tourism in the country?

It was difficult at first, but now, in any case, the population has already adapted and it would be stupid to prohibit payments in bitcoin, this would mean a loss for El Salvador, no one will do this, no one president, because he will go down in history as a man who failed, so like Bukele, in turn, when he went down in history, only on the positive side.

Presidents of poor nations sell their people down the river thousands of times over the past 50 years or even longer that the IMF and the world bank systems have been increasingly incentivizing them to do so.

When a president does not want to sell his people down the river (which seems to be the case with Bukele) then he is attacked by the IMF and world bank because there are preferences that he falls in line so that other countries do not follow his lead.  It's a kind of fucked up system that has oppressed countries and their people, so there are not really goals to empower people in small countries.. and the same dynamics happens within western countries too.. that's part of the explanation why the whole monetary system is so fucked up in terms of the way that incentives are fucked up by the money in such a way to control the people and create chaos and too many issues to discuss... but it is not correct to suggest that a new leader would just follow the great things that Bukele and his administration have worked to build (in connection with bitcoin as one of the money options) so far in the past year and a half or so.

good news. all governments need to learn how to do business with the cryptocurrency market. i mean, sooner or later they will learn, but i can't understand why they see it as a problem now and don't understand the requirements of the changing world and make it part of their business... of course every government has its own plans and interests, but this seems to me to be nothing more than postponing the inevitable. congratulations to the el salvador administration for this brave decision

The question is which government still sees cryptocurrency as a problem? Just because the government hasn't legalized cryptocurrencies as payment in their country like El Salvador has done doesn't mean that the government sees cryptocurrencies as a problem, maybe they are studying it and waiting for a decision from several parties before legalizing it. Because every country has different rules and different perspectives on cryptocurrencies, this is not an issue that all governments are looking at right now.

Yeah.. fuck shitcoins... and fuck the vague use of that term "cryptocurrency"  Are you talking about bitcoin or what?  If so, use the proper word.  Bitcoin not vagueass references to "cryptocurrencies" whatever that is?

El Salvador seems to understand that bitcoin is the deal.. and they don't give any shits about crypto.. and I believe in the latest legislation they defined all crypto.. shitcoins as securities.. .. so yeah, if countries do not know the difference between bitcoin and shitcoins  and they are talking about crypto, then they seem to not know what the fuck is bitcoin.

One of the important aspects of Bukele and his administrations's approach, so far, is that they have not gotten drug down the shitcoin track and they seem to understand to differentiate shitcoins.. and even to label them as different things (securities).

So yeah.. cryptocurrencies are a problem.. if you don't know what the fuck is bitcoin and you are not able to describe El Salvador's efforts in terms of bitcoin... or at least try in order that we might attempt to know what you are talking about.. because there are other countries that are distracted and dabbling in shitcoins and it does not help for anyone to be suggesting that El Salvador, Bukele or his administration is "crypto" friendly, because he  is not  crypto friendly.  He is bitcoin friendly.. and bitcoin as an option... yeah there are other things going on in El Salvador too... that work on various financialization projects.. so sometimes there might be various ways that the dollar or some stable coins or some various shitcoins might come into the picture in regards to how projects might be structured or financed or to figure out how there might be balancing in terms of who is funding/supporting what and perhaps how funds are held, too.... and if there might be some ambiguity that El Salvador might be deviating from their bitcoin-focus in some kinds of ways, then we likely need to figure out how to talk about them in terms of bitcoin, rather than just throwing out vague terms and vaguely trying to imply the El Salvador is crypto friendly.. when it is not... at least not so far, as far as I can tell.. and if you believe that they are crypto friendly or there is some reason to talk about "crypto" as if it had any meaning, then let me know. Fuck that stupid vague term, when the use of it fails to have a context to describe what you are talking about.

[wmaurik]

The IMF and World Bank can be a real pain in the a** for small countries. Bukele and his administration have made a bold move in legalizing Bitcoin and it's had positive effects on the country's development. As for the next leader, who knows what will happen. But, at least the foundation has been laid and it's up to the next guy to build on it or not. And you're right, let's call it what it is - Bitcoin. No need for all this "cryptocurrency" nonsense.

The next person will also continue what Bukele has done if the next leader has felt such a good impact on his country through Bitcoin. And the next leader will not forget Bitcoin just like that when he sees better developments in his country after adopting Bitcoin.

So I don't think this will change in the next leader because the people of El Salvador have also agreed to this. After all, the residents there can also be used by trading via Bitcoin to circulate their capital and make a profit and that can be an additional job for the residents there.

[jokers10]

...
However, as a result, only 1.6% of these transfers are made through digital wallets. A Deutsche Bank study found that people prefer to exchange bitcoins for dollars, which is not so easy to do. They often turn to unofficial money changers who set their own fees.

Strange. If we look at the description of Chivo Wallet app we can see that direct exchange between BTC and USD is implemented inside it, so you need no searching where to find some unofficial changers. I can even remember that there were some texts in press which said that there were some problems with rates when these exchanges were not beneficial for gov. So this is the first time when I see any publication saying there is a problem with exchange and it seems strange: I'd prefer to see the full text from Deutsche Bank because probably they meant something else.

[JayJuanGee]

The IMF and World Bank can be a real pain in the a** for small countries. Bukele and his administration have made a bold move in legalizing Bitcoin and it's had positive effects on the country's development. As for the next leader, who knows what will happen. But, at least the foundation has been laid and it's up to the next guy to build on it or not. And you're right, let's call it what it is - Bitcoin. No need for all this "cryptocurrency" nonsense.

The next person will also continue what Bukele has done if the next leader has felt such a good impact on his country through Bitcoin. And the next leader will not forget Bitcoin just like that when he sees better developments in his country after adopting Bitcoin.

So I don't think this will change in the next leader because the people of El Salvador have also agreed to this. After all, the residents there can also be used by trading via Bitcoin to circulate their capital and make a profit and that can be an additional job for the residents there.

The IMF, Word bank and other wester powers have been developing systems over more than 50 years in which they manipulate the fuck out of leaders in such ways to incentivize them to act against the interest of their people and their country, and frequently it has been way easier to just go along and get along with the west and the various financial manipulation tools that they use and also the various bullying tools.. so it is not easy for any leader to NOT give into the pressures and to take the easier road to just accept the various kinds of outside money that tends to disallow them autonomy over the governance of their own country... and surely, historically and even into the present, the western powers/institutions will play hard ball including various kinds of disinformation campaigns, too with various leaders who stand up to them or try to exercise sovereignty and/or financial independence.

It seems the hope is that Bukele can hold on and/or that any successor would be strong enough and/or able enough to continue to carry on the kinds of work of self-sovereignty and financial independence and the various ways that Bukele seems to be working that angle.. and it does not seem that Bukele is going to rug pull the El Salvadorean people or to run away with the BTC.. even though there are frequently going to be concerns about these kinds of matters including how much disclosures are being made regarding El Salvador's bitcoin stash.

[Ryu_Ar1]

The IMF and World Bank can be a real pain in the a** for small countries. Bukele and his administration have made a bold move in legalizing Bitcoin and it's had positive effects on the country's development. As for the next leader, who knows what will happen. But, at least the foundation has been laid and it's up to the next guy to build on it or not. And you're right, let's call it what it is - Bitcoin. No need for all this "cryptocurrency" nonsense.

The next person will also continue what Bukele has done if the next leader has felt such a good impact on his country through Bitcoin. And the next leader will not forget Bitcoin just like that when he sees better developments in his country after adopting Bitcoin.

So I don't think this will change in the next leader because the people of El Salvador have also agreed to this. After all, the residents there can also be used by trading via Bitcoin to circulate their capital and make a profit and that can be an additional job for the residents there.

More than that actually I think.
When we are in an environment where everyone has started using a certain system for several years, obviously it will become dependent and if there are new people who want to change it, it will obviously be difficult, as well as in this case, when a country that has almost all felt the impact of bitcoin then indeed when there is a new leader who goes against the grain then indirectly he will find it difficult especially the people under him have also felt the impact of bitcoin in their country.
Things like this still work but if it does it just throws them into a mess I think the new people will be smarter. The system now only needs to continue to change the whole thing to make the country become chaos again.

[Zlantann]

The IMF, Word bank and other wester powers have been developing systems over more than 50 years in which they manipulate the fuck out of leaders in such ways to incentivize them to act against the interest of their people and their country, and frequently it has been way easier to just go along and get along with the west and the various financial manipulation tools that they use and also the various bullying tools.. so it is not easy for any leader to NOT give into the pressures and to take the easier road to just accept the various kinds of outside money that tends to disallow them autonomy over the governance of their own country... and surely, historically and even into the present, the western powers/institutions will play hard ball including various kinds of disinformation campaigns, too with various leaders who stand up to them or try to exercise sovereignty and/or financial independence.

It seems the hope is that Bukele can hold on and/or that any successor would be strong enough and/or able enough to continue to carry on the kinds of work of self-sovereignty and financial independence and the various ways that Bukele seems to be working that angle.. and it does not seem that Bukele is going to rug pull the El Salvadorean people or to run away with the BTC.. even though there are frequently going to be concerns about these kinds of matters including how much disclosures are being made regarding El Salvador's bitcoin stash.

These lending organizations would run out of borrowers if all the nations of the world became prosperous. That is why IMF and World bank will always force these developing nations to enforce some counterproductive economic policies that will continue to impoverish the people. I am sure that the reason why some countries are not friendly with Bitcoin is because of the fear of sanctions from these lending organizations because most of these nations are either owing or intend to borrow.

It was also the same reaction that the Central African Republic got from these international banks when it adopted bitcoin as a legal tender. Even the central bank of the country which was a puppet of France tried to stop the Bitcoin policy in CAR. That is why Bukele will always be a trailblazer because of his determination and bravery.

[borovichok]

...
United State and Canada seems not have regulated with Bitcoin transaction and I don't sure they have many BTM than El Savador have got regulated with Bitcoin
...

Bitcoin is accessible to everyone depending on the order of the government in a country, unlike majority head controls of the countries which implement a strict ban of Bitcoin due to the fear that it will outshine their fiat currency. Bitcoin seems to be making means of payment easier for El Salvador citizens, just scanning of codes and sending wallets address inother to pay or confirmed payment of tasks. USA and Canada are more merited to gain access to bitcoin than other mediocre countries. El Salvador took a bold step in making bitcoin a legal tender in the country and it's citizens are beneficiary of the big project, the country is developing on a daily basis with access to more developmental projects in cryptocurrency.

[LDL]

Miss Salvador Bitcoin Universe '22

EI Salvador not only ended up recognizing Bitcoin as legal tender but also played a strategic role in how to introduce Bitcoin to the world. EI Salvador's people did not accept Bitcoin easily at first, but now people are holding various colorful events around Bitcoin. Last year at the 71st Miss Universe National Custome Show 2022, a beautiful young woman named Alejandra Guajardo made the event more interesting by wearing a dress with bitcoins and informed the people of Salvador about the importance of bitcoins.

Photo source : Miss Bitcoin Universe 2022

[Wiwo]

It seems the hope is that Bukele can hold on and/or that any successor would be strong enough and/or able enough to continue to carry on the kinds of work of self-sovereignty and financial independence and the various ways that Bukele seems to be working that angle.. and it does not seem that Bukele is going to rug pull the El Salvadorean people or to run away with the BTC.. even though there are frequently going to be concerned about these kinds of matters including how much disclosures are being made regarding El Salvador's bitcoin stash.

One of my greatest worries about the El Salvador Bitcoin adoption project is the fact that the government may change and Bukele leave how is the Bitcoin project going to be, what of the successor does not have the same positive vibe to bitcoin same way Bukele does.
-And what of the subsequent government give in to pressure re re by following the international monetary funds warning and the other anto bitcoin International financial institution?
-i think Bukele have a lot to do within the limited time he have in this present tenure, to make Bitcoin attain a legal status that will make it hard for anyone to delist or marginalize it in the future.
There have already been several attempts within and outside El Salvador to sabotage the government efforts in making El Salvador economically buoyant a f the Bitcoin project sponsored by the Presiden of the country.

[Doan9269]

We know bitcoin to have similarities with other valuable assets but what makes it different and outstanding among them is it's ability to withstand the influence of news on a macroeconomics monetary and financial level, bitcoin also in other vein does not work in line with inflation in the same economic system, being an asset and a digital currency, bitcoin has more profitability than other forms of asset in values as of recent, here is what the Fed had to say concerning bitcoin.

https://twitter.com/CarlBMenger/status/1623910340349280257?t=RBYazDsVgFXPheToMTbT_Q&s=19

Miss Salvador Bitcoin Universe '22

EI Salvador not only ended up recognizing Bitcoin as legal tender but also played a strategic role in how to introduce Bitcoin to the world. EI Salvador's people did not accept Bitcoin easily at first, but now people are holding various colorful events around Bitcoin. Last year at the 71st Miss Universe National Custome Show 2022, a beautiful young woman named Alejandra Guajardo made the event more interesting by wearing a dress with bitcoins and informed the people of Salvador about the importance of bitcoins.

Photo source : Miss Bitcoin Universe 2022

This is a staled news, it has been previously discussed on several occasions just some few pages before this, you can go through the recent post and follow up the discussion on the thread.

[Abiky]

The next person will also continue what Bukele has done if the next leader has felt such a good impact on his country through Bitcoin. And the next leader will not forget Bitcoin just like that when he sees better developments in his country after adopting Bitcoin.

So I don't think this will change in the next leader because the people of El Salvador have also agreed to this. After all, the residents there can also be used by trading via Bitcoin to circulate their capital and make a profit and that can be an additional job for the residents there.

It all depends on the benefits Bitcoin is able to provide to the country. If the new leader deems Bitcoin to be a good asset for the future of the country, then he/she will leave everything as is. Otherwise, you can say goodbye to the Bitcoin experiment for good. Last time I've checked, Bukele had a high approval rating even though many people in El Salvador were not happy with BTC as legal tender. It's likely President Bukele will stay in power for some time, so don't expect the government to abandon BTC anytime soon.

I'm certain the move will attract a lot of tourists into the country, meaning more tax revenue in the long term. Adoption is low, but rising at a slow and steady phase. Who knows if El Salvador hits the "jackpot" within the next bull market? Just my thoughts

[Ryu_Ar1]

Miss Salvador Bitcoin Universe '22

EI Salvador not only ended up recognizing Bitcoin as legal tender but also played a strategic role in how to introduce Bitcoin to the world. EI Salvador's people did not accept Bitcoin easily at first, but now people are holding various colorful events around Bitcoin. Last year at the 71st Miss Universe National Custome Show 2022, a beautiful young woman named Alejandra Guajardo made the event more interesting by wearing a dress with bitcoins and informed the people of Salvador about the importance of bitcoins.

Photo source : Miss Bitcoin Universe 2022

This news is quite old, if I'm not mistaken this happened in the last month and actually there has been some discussion about this on the previous thread page. I don't think this needs to be discussed anymore because if it does continue to be discussed then this will dwell there without any progress in terms of discussion.

The next person will also continue what Bukele has done if the next leader has felt such a good impact on his country through Bitcoin. And the next leader will not forget Bitcoin just like that when he sees better developments in his country after adopting Bitcoin.

So I don't think this will change in the next leader because the people of El Salvador have also agreed to this. After all, the residents there can also be used by trading via Bitcoin to circulate their capital and make a profit and that can be an additional job for the residents there.

It all depends on the benefits Bitcoin is able to provide to the country. If the new leader deems Bitcoin to be a good asset for the future of the country, then he/she will leave everything as is. Otherwise, you can say goodbye to the Bitcoin experiment for good. Last time I've checked, Bukele had a high approval rating even though many people in El Salvador were not happy with BTC as legal tender. It's likely President Bukele will stay in power for some time, so don't expect the government to abandon BTC anytime soon.

I'm certain the move will attract a lot of tourists into the country, meaning more tax revenue in the long term. Adoption is low, but rising at a slow and steady phase. Who knows if El Salvador hits the "jackpot" within the next bull market? Just my thoughts

But indeed, if this is stopped and replaced again with a new system, I think they will clearly release the existing news about them, of course, with all the benefits they have achieved before, I feel it will slowly disappear.
We know some time ago they paid off bonds of $ 800 million, of course there are frills from bitcoin too.
So if the new leader wants to forget about this, the current project will obviously be in vain, including the Volcano bond and the bitcoin city.

Talking about the Jackpot, it's possible that this could happen when the time comes and I think they'll get it as long as their current leader stays put.

[Artemis3]

The IMF and World Bank can be a real pain in the a** for small countries. Bukele and his administration have made a bold move in legalizing Bitcoin and it's had positive effects on the country's development. As for the next leader, who knows what will happen. But, at least the foundation has been laid and it's up to the next guy to build on it or not. And you're right, let's call it what it is - Bitcoin. No need for all this "cryptocurrency" nonsense.

The next person will also continue what Bukele has done if the next leader has felt such a good impact on his country through Bitcoin. And the next leader will not forget Bitcoin just like that when he sees better developments in his country after adopting Bitcoin.

So I don't think this will change in the next leader because the people of El Salvador have also agreed to this. After all, the residents there can also be used by trading via Bitcoin to circulate their capital and make a profit and that can be an additional job for the residents there.

That's not how it works in LATAM countries, their personal and their party interests are always placed above the country and the people in general. While i don't see strictly required that Bukele remains in the presidency, at least someone from his own party but none of the traditional groups. Otherwise they will dismantle it all out of hate that it was Bukele's idea and not theirs. It is one reason the countries remain impoverished.

Of course IMF and WB are thrash, it is for the central banks which in turn are for banks fractional reserve legalized ponzi scheme. Best way to develop a country is to pay the debts and kick them out to never return. Those debts that came from money that doesn't exist anywhere, mind you...

This should not be about El Chivo, if it sucks don't use it, that's the whole point of adopting Bitcoin and not a CBDC where you will NOT have choice...

[Vaskiy]

It seems the hope is that Bukele can hold on and/or that any successor would be strong enough and/or able enough to continue to carry on the kinds of work of self-sovereignty and financial independence and the various ways that Bukele seems to be working that angle.. and it does not seem that Bukele is going to rug pull the El Salvadorean people or to run away with the BTC.. even though there are frequently going to be concerned about these kinds of matters including how much disclosures are being made regarding El Salvador's bitcoin stash.

One of my greatest worries about the El Salvador Bitcoin adoption project is the fact that the government may change and Bukele leave how is the Bitcoin project going to be, what of the successor does not have the same positive vibe to bitcoin same way Bukele does.
-And what of the subsequent government give in to pressure re re by following the international monetary funds warning and the other anto bitcoin International financial institution?
-i think Bukele have a lot to do within the limited time he have in this present tenure, to make Bitcoin attain a legal status that will make it hard for anyone to delist or marginalize it in the future.
There have already been several attempts within and outside El Salvador to sabotage the government efforts in making El Salvador economically buoyant a f the Bitcoin project sponsored by the Presiden of the country.

I think Nayib Bukele will win th 2024 election. He was in better position and currently he holds 56 seats out of 84 seats which is 13 seats higher than the requirement for a majority which is 43 seats. The second party on list is Nationalist Republican Alliance which just holds 11 seats. In his tenure he have done everything in a better way. Hope he'll win the election and continue making his country progress through bitcoin.

[Daltonik]

The IMF, after another visit to Central America, changed the rhetoric regarding the policy of accepting bitcoin by El Salvador, saying that the risks associated with El Salvador's policy regarding bitcoin did not materialize, but El Salvador, according to the IMF, should reconsider plans to expand state participation in bitcoin. Here, it seems to me that the IMF is reflecting on the recently adopted law on digital assets, I hope that the adoption of this law will help El Salvador to further strengthen its position on the adoption of bitcoin.

Source: https://www.reuters.com/business/finance/imf-says-el-salvadors-bitcoin-risks-have-not-materialized-should-be-addressed-2023-02-11/