In September 2021, El Salvador made headlines by becoming the first country in the world to adopt Bitcoin as legal tender (see our post). This bold move, spearheaded by President Nayib Bukele, aimed to revolutionize the nation’s financial system, promote financial inclusion, and attract foreign investment. However, the journey has been fraught with challenges and controversies, culminating in a recent agreement with the International Monetary Fund (IMF) that has led to significant policy changes. This…