El Salvador’s experiment with bitcoin not faring well

The World

Last week, cryptocurrencies experienced one of the biggest crashes in history, after the exchange company FTX filed for bankruptcy. This is bad news for countless investors worldwide, but it’s an even more pressing issue for millions of Salvadorans, whose president invested part of the nation’s public finances in bitcoin. As The World’s Tibisay Zea reports, the country might be turning to China to save its fiscal deficit.

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