El Salvador, once hailed as the global trailblazer for national Bitcoin adoption, is quietly shifting gears. After making ...

SAN SALVADOR — Four months into El Salvador’s experiment as the first and only country in the world to adopt bitcoin as legal currency, the International Monetary Fund had seen enough.

El Salvador abandoned its own currency (the “colon”, named after Christopher Columbus) in 2001 and adopted the US dollar as its legal tender.

El Salvador became the first country to adopt bitcoin as legal tender, but the rollout stumbled. President Nayib Bukele acted as de facto tech support.

El Salvador officially adopted bitcoin as a legal currency on Tuesday, becoming the first country to do so. However, several hours into the first day, the launch of Chivo, the government's digital ...

The change means businesses should accept payment in bitcoin alongside the U.S. dollar, which has been El Salvador’s official currency since 2001 and will remain legal tender.

On June 5, at a conference in Miami, El Salvador President Nayib Bukele announced that the Central American country is in the process of adopting bitcoin as legal tender: a move that would make El ...

SAN SALVADOR, El Salvador (AP) — As bitcoin reached historic highs, surpassing $100,000 for the first tim e, El Salvador's President Nayib Bukele was triumphant on Thursday about his big bet on ...

El Salvador’s Road to Currency Chaos and Economic Collapse. El Salvador President Nayib Bukele speaks during a news conference in San Salvador, El Salvador, September 24, 2020.

SAN SALVADOR, El Salvador — El Salvador’s Legislative Assembly has approved legislation making the cryptocurrency Bitcoin legal tender in the country, the first nation to do so, just days ...

El Salvador has a good record on anti-money-laundering (AML), despite the country’s problems with organized crime, but El Salvador’s AML status is directly endangered by the adoption of ...

El Salvador has passed a resolution to make Bitcoin an official currency in 90 days, making it the first country to accept the cryptocurrency as legal tender. The president hopes the country’s ...