News Score: Score the News, Sort the News, Rewrite the Headlines

El Salvador Abandons Bitcoin as Legal Tender After Failed Experiment

Bitcoin was never used by most Salvadorans, its modern city was never built, and now it will cease to be legal tender in El Salvador, the first country in the world to adopt it in 2021: a complete failed economic bet by President Nayib Bukele. Congress, dominated by the ruling party, approved last Wednesday a confusing reform to the Bitcoin Law at the request of Bukele’s government, which had no other option to receive the $1.4 billion credit agreed in December with the International Monetary Fu...

Read more at ticotimes.net

© News Score  score the news, sort the news, rewrite the headlines