El Salvador Celebrates Bitcoin Day 🎉
El Salvador marks the anniversary of its Bitcoin legal tender law, with celebrations highlighting:
💰 Bitcoin Reserve
The country’s strategic reserve holds 6,313 BTC, worth over $702 million.
🏦 New Bitcoin Investment Banks
A new banking law allows Bitcoin investment banks for sophisticated investors.
📚 Bitcoin Education
80,000 public servants have received Bitcoin certification, and public education programs on Bitcoin and AI are running.
🔄 Policy Adjustments
El Salvador has adjusted its Bitcoin policies after a deal with the IMF, repealing the Bitcoin legal tender law and halting Bitcoin purchases with public funds. The Chivo wallet also saw limited use.
⚖️ Mixed Results
Critics argue that the policies benefit the government more than citizens, calling for more educational initiatives to drive local adoption.
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