> The adoption was criticized both internationally and within El Salvador, due to the volatility of Bitcoin, its environmental impact, and lack of transparency regarding the government's fiscal policy. In 2024, El Salvador agreed to partially limit its involvement with Bitcoin as part of a deal made with the International Monetary Fund (IMF). In March 2025, The Economist wrote that El Salvador's bitcoin experiment had been a failure, bringing more costs than benefits to the El Salvador economy.[4]
> In 2025, Bitcoin was rescinded as legal tender in El Salvador.[5] Besides the aforementioned problems and hacking incidents, research showed it was rarely used by the public.[5]
The Central African Republic has had similar (well worse really) experience
https://en.wikipedia.org/wiki/Bitcoin_in_El_Salvador
> The adoption was criticized both internationally and within El Salvador, due to the volatility of Bitcoin, its environmental impact, and lack of transparency regarding the government's fiscal policy. In 2024, El Salvador agreed to partially limit its involvement with Bitcoin as part of a deal made with the International Monetary Fund (IMF). In March 2025, The Economist wrote that El Salvador's bitcoin experiment had been a failure, bringing more costs than benefits to the El Salvador economy.[4]
> In 2025, Bitcoin was rescinded as legal tender in El Salvador.[5] Besides the aforementioned problems and hacking incidents, research showed it was rarely used by the public.[5]
The Central African Republic has had similar (well worse really) experience