In 2021, El Salvador became the first country in the world to adopt Bitcoin as legal tender. Two years later, the country has undergone significant technological change and growth, faced operational and regulatory challenges, and learned a tremendous amount in the process – but to date, there are few independent assessments examining these developments, lessons learned and next steps. To address this information gap, the Vance Center and GFI on October 18 released the report “The Virtual Assets Ecosystem in El Salvador: Strengthening Financial Integrity and Transparency,” available in English and Spanish. The executive summary is also available in both... read more
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