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Did you read the article? > Moreover, the policy cost $375m in all—from the Chivo rollout, subsidised transaction fees, bitcoin ATMs and more—according to Mood
by ramchip 2y ago
Did you read the article?
> Moreover, the policy cost $375m in all—from the Chivo rollout, subsidised transaction fees, bitcoin ATMs and more—according to Moody’s, a rating agency. That far exceeds the profits on bitcoin holdings, which could still evaporate. By delaying an IMF deal, the crypto experiment kept El Salvador's risk premium high.
- toomim 2y agoI don't believe el salvador spent $375m on those things. I could believe that Chivo spent their VC money on that.
- deleted 2y ago[deleted]