El Salvador and the case of the vanishing Bitcoin

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Back in September, the government of El Salvador recognized Bitcoin as an official currency. Since then, Bitcoin has carried on strong, and the government has even announced the construction of a Bitcoin City, entirely dedicated to the cryptocurrency. But all is not as rosy as it seems. Recent claims of money vanishing from Salvadorans’ crypto wallets are fueling discontent and skepticism around the digital currency. To make it easy for people in El Salvador to use the cryptocurrency, the government has launched its own digital wallet named Chivo. This wallet allows people to manage their asse…

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