Event JSON
{
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"pubkey": "a09a081c39538be74c33fc480aac4154cee09142a066fbfebab4cfba2722fb4a",
"created_at": 1739203249,
"kind": 1,
"tags": [
[
"r",
"https://www.calcalist.co.il/market/article/byu00pqpyjl"
],
[
"subject",
"Additional screw in El Salvador's crypto closet: Cancelled Bitcoin's official currency status"
],
[
"published_at",
"1739199518"
],
[
"image",
"https://pic1.calcalist.co.il/picserver3/crop_images/2021/06/09/Sy0HYJC5d/Sy0HYJC5d_0_26_1500_845_0_large.jpg"
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[
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[
"summary",
"El Salvador's President Nayib Bukele had initially announced the adoption of Bitcoin as a legal tender in September 2021, aiming to promote and integrate the country's economy. However, the project failed to gain traction, with only 8% of the population using Bitcoin and 12% making at least one transaction. The country's economy continued to deteriorate, and El Salvador was forced to seek a loan from the International Monetary Fund (IMF). As part of the agreement, the country agreed to make the use of Bitcoin voluntary and limit the use of public systems. The IMF had previously expressed concerns about the use of Bitcoin as a legal tender, and El Salvador's decision to revoke its status is seen as a move to comply with the IMF's recommendations."
]
],
"content": "nostr:nprofile1qyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpq5zdqs8pe2w97wnpnl3yq4tzp2n8wpy2z5pn0hl46kn8m5fezld9q8vm2lw\nhttps://pic1.calcalist.co.il/picserver3/crop_images/2021/06/09/Sy0HYJC5d/Sy0HYJC5d_0_26_1500_845_0_large.jpg\nThe World Bank loan of $1.4 billion to the country was conditional on legislation that would liberalize the status of Bitcoin, and from now on businesses will decide whether to accept it as a means of payment; President Bocoum has bet on Bitcoin as a tool for promoting and branding the country, but all the projects have failed - the Bitcoin city did not rise, the bond did not mature, and the CryptoChivo wallet developed by the state crashed\nhttps://www.calcalist.co.il/market/article/byu00pqpyjl",
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}
