A bitcoin monument at Plaza Bitcoin in El Salvador’s capital.
Photo: Marvin RECINOS / AFP/File
Source: AFP
El Salvador will privatize or close the cryptocurrency wallet “Chivo” created by President Nayib Bukele when he made bitcoin legal tender in 2021, an official said Thursday.
The announcement came after the Central American nation’s government reached a $1.4 billion loan deal with the International Monetary Fund that addressed its controversial embrace of bitcoin.
While bitcoin…
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