“El Salvador’s Bitcoin Anniversary: Government Adjusts Policies Amid Criticism, Calls for More Educational Initiatives”

El Salvador commemorated the anniversary of implementing Bitcoin as legal tender in 2021, showcasing its Bitcoin strategic reserve and new banking laws. The government holds 6,313 BTC valued at over $702 million. However, El Salvador has adjusted its Bitcoin policies due to an IMF loan, discontinuing the Bitcoin legal tender law and limiting public Bitcoin investment. Criticism has arisen, suggesting the need for more educational initiatives to encourage wider local adoption of Bitcoin rather than focusing on government use and international influence.

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