89% of Registered Bitcoin Firms No Longer Active
Key Takeaways:
- Nearly 90% of Bitcoin service providers registered in El Salvador have ceased operations.
- Many inactive firms failed to meet regulatory requirements outlined in the Bitcoin Law Regulation.
- President Bukele still supports Bitcoin, but significant obstacles are mass acceptance and compliance.
Using Bitcoin as legal money, El Salvador drew worldwide attention in 2021. Nearly three years later, fresh statistics show that most registered Bitcoin companies are now dormant, which significantly hinders El Salvador’s digital aspirations.
Read More: Trump Invites President of El Salvador to White House – Will Bitcoin Be Main Attraction?
Most Bitcoin Companies in El Salvador Are No Longer Operating
A recent report by El Mundo, citing…
