Out of 181 registered Bitcoin firms in El Salvador, only 20 are operational, indicating 89% have not met the requirements outlined in the Bitcoin Law.
The Bitcoin Law mandates strict compliance, including Anti-Money Laundering programs and cybersecurity measures, which many firms have failed to implement.
Recent agreements with the IMF involve a $1.4 billion loan, influencing El Salvador’s Bitcoin operations, including demands to cease public sector Bitcoin purchases.
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