El Salvador Defends Bitcoin Strategy Amid Market Fluctuations

El Salvador's government has come under scrutiny for its ongoing purchases of bitcoin, with some critics arguing that the move is too aggressive and puts the country's financial stability at risk. However, according to officials, the strategy remains unchanged and is aimed at increasing adoption and reducing reliance on traditional currencies.

'The goal is not to make a profit,' said an unnamed government spokesperson, 'but to promote innovation and development in our economy.'

Separately, Prospera, a digital wallet platform based in Honduras, is facing an uncertain future. The company's operations have been put on hold due to unknown circumstances, leaving customers concerned about their funds.