During the COVID-19 pandemic, life as we knew it changed dramatically as activities, both licit and illicit, moved to the virtual world. We witnessed shopping, college classes, diplomatic meetings, financial transactions, and organized crime activities transition online almost overnight. The pandemic has empowered transnational criminal organizations (TCOs) to establish new virtual markets for their drug, human, arms, and contraband trafficking and money laundering with cryptocurrencies.
The Bitcoin-powered veterinary hospital opened on February 26. The government announced in October 2021 that it would utilize the $4 million profit (to build a huge veterinary hospital.
The Government in El Salvador is facing scrutiny over its Chiva Bitcoin app and wallet once again. The scrutiny comes after operators temporarily froze price viewing on Chivo to stave off ‘scalpers’ who were using the app for their activities.
Elderly, poor seen struggling to adopt bitcoin with many confused over switch to digital currency, while the President bills the change as way to boost economy.