The IMF reports that ever since Bitcoin became a legal tender less than a year ago, it has approximately cost 1% of GDP for the country

More lines about El Salvador, America

• America

  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

• America

  El Salvador

  Devastating rains in El Salvador caused crop losses for 12.000 to 15.000 farmers, with 3.500 hectares of maize, beans, squash, peppers, and tomatoes affected, and while 70% of farmers may replant with external support, 30% lack the resources to do so

• America

  El Salvador

  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

• America

  El Salvador

  President Nayib Bukele was sworn in for a second term amid security concerns, with police blocking a plot to detonate explosives; Bukele, reelected with 85% of the vote, faces high expectations to address the nation's economic crisis

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