El Salvador Faces No Easy Exit From Worsening Crisis Amid Crypto Crash

El Salvador Faces No Easy Exit From Worsening Crisis Amid Crypto Crash


Bitcoinist
2022-05-20 08:00:35

A central American country, El Salvador, has been buying Bitcoin since September. However, the country’s big bet on crypto has collapsed in recent weeks because the cryptocurrency washed out roughly a third of the value of the government’s assets. El Salvador is the first country to adopt bitcoin as a legal tender. They also plan […]