El Salvador marked the fifth anniversary of its Bitcoin Law on June 8, holding 7,677 BTC worth approximately $480 million in state reserves after a half-decade experiment that drew both international investment and sustained IMF scrutiny, Traders Union reported. President Nayib Bukele’s Legislative Assembly passed the Bitcoin Law on June 8, 2021, making El Salvador the first nation to grant BTC legal tender status alongside the U.S. dollar, which has served as the country’s main currency since 2001. The government launched the state-run Chivo Wallet, installed Bitcoin ATMs, and promoted Lightning Network payments to ... (full story)