$760 million in reserves fails to show impact on citizens, NGOs warn
El Salvador’s ambitious Bitcoin policy is under mounting pressure as the International Monetary Fund disputes the government’s claims of ongoing cryptocurrency purchases, citing misreported internal transfers.
Despite holding over 6,000 Bitcoins valued at approximately $760 million, multiple non-governmental organizations report that the initiative has not translated into tangible benefits for most Salvadorans, who continue to face rising living costs and limited access to digital financial tools.