In 2021, El Salvador became the first nation to adopt the largest cryptocurrency as legal tender, developed and introduced a crypto wallet Chivo to enhance bitcoin adoption and also started buying the asset as an investment. The move, while widely applauded by bitcoin enthusiasts, drew criticism from international organizations such as the International Monetary Foundation (IMF).

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• Source: https://www.coindesk.com/policy/2024/02/05/el-salvadors-bitcoin-friendly-president-nayib-bukele-wins-re-election/?utm_medium=referral&utm_source=rss&utm_campaign=headlines