El Salvador’s bitcoin adoption hit by an easy money-making loophole

El Salvador’s move to end up being the first country on the planet to create bitcoin legal tender on 9 June has been met with protests and bedevilled by fraud, market volatility and technical glitches. Now the Central American nation has already established to suspend an integral function in Chivo Wallet, its government-issued smartphone iphone app used to store and exchange bitcoin, because economical traders were exploiting it to make a profit.

El Salvador’s president, Nayib Bukele, has touted bitcoin as a means …

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