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IMF urges El Salvador to abandon bitcoin

... standard of living of the local population. El Salvador became the only country in the world that provided the official status for cryptocurrency. The country purchased about 1,800 bitcoins at a rate of $50,000. After that, the rate rose to 68 thousand dollars, but now it has fallen to 36.5 thousand dollars. According to the publication, El Salvador could have lost about $ 20 million. In addition, the country is actively mining bitcoins on the volcano - using environmentally friendly cheap energy from a renewable source. It is assumed that this ...

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