El Salvador

Despite the recent global crypto market downturn, El Salvador is continuing its daily Bitcoin purchases, initiated under President Nayib Bukele, reflecting its strong commitment to Bitcoin adoption

Over 2.000 individuals accused of gang affiliation were transferred at the same time to El Salvador's Tecoluca mega-prison, which human rights organizations are criticizing as a "concentration camp", with the facility now holding over 12.500 gang members

As part of the ongoing anti-gang campaign, El Salvador has deployed 2.000 soldiers and 1.000 police officers to five neighborhoods in the city of Apopa to combat gang activity, following multiple resident complaints

Since 2021, El Salvador has mined nearly 474 bitcoins using geothermal energy from the Tecapa volcano, bringing its total bitcoin holdings to 5.750 worth approximately US$354 million

The majority of Salvadorans support President Nayib Bukele's exceptional regime against gangs, but many disagree with suspending constitutional guarantees, according to recent University study

El Salvador's economic growth in 2023 was the highest in the last 30 years, according to the latest data from the Central Reserve Bank (BCR)

This week El Salvador marks two years under a state of exception, initiated after an extortion-motivated massacre of 87 people in March 2022; to date, the government has captured 78.175 alleged gang members

The country has stored over US$400 million in Bitcoin in an offline "cold wallet," as the cryptocurrency hits new all-time highs; President, Nayib Bukele, called it El Salvador's “first crypto piggy bank”

Reelected President of El Salvador, Nayib Bukele, who already holds a majority in Congress, has further expanded his presence by winning 43 out of 44 municipal councils in the Sunday elections