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Bank of Spain Criticizes El Salvador’s Foray Into Bitcoin

Bank of Spain Criticizes El Salvador’s Foray Into BitcoinThe Bank of Spain, the central bank of the country, criticized the adoption process El Salvador chose when declaring Bitcoin legal tender last month. In a report titled “The role of crypto assets as legal tender: the example of El Salvador,” the bank examines several pain points the country encountered while applying its bitcoin strategy, […]

Bitcoin Technical Analysis: Weak Recovery Signals Hint at Further Downside