Published 2 years ago

A year on, El Salvador's bitcoin experiment is stumbling

Summary by Ground News

A year after El Salvador adopted bitcoin as legal tender, the area where the world's first cryptocurrency city was meant to be built is still dense jungle. President Nayib Bukele had promised that "Bitcoin City" would be a tax haven for crypto investors and miners. But on a recent visit to the area in the shadow of the Conchagua volcano, Reuters found no heavy machinery, construction workers, or raw materials to indicate any progress.

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Reuters

A year on, El Salvador's bitcoin experiment is stumbling

A year after El Salvador adopted bitcoin as legal tender, the area where the world's first cryptocurrency city was meant to be built - a circular metropolis powered by a volcano - is still dense jungle.

2 years ago·United Kingdom

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The Star Kuala Lumpur

A year on, El Salvador's bitcoin experiment is stumbling

CONCHAGUA, El Salvador (Reuters) - A year after El Salvador adopted bitcoin as legal tender, the area where the world's first cryptocurrency city was meant to be built - a circular metropolis powered by a volcano - is still dense jungle.

2 years ago·Malaysia

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IBTimes

A Year On, El Salvador's Bitcoin Experiment Is Stumbling

2 years ago·United States

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The Mercury

A year on, El Salvador’s bitcoin trial is stumbling

A year after El Salvador adopted bitcoin as legal tender, the area where the world's first cryptocurrency city was meant to be built is still dense jungle. Angela Johnston reports.

2 years ago·Hobart, Australia

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