My First Bitcoin, a Bitcoin education program in El Salvador, will now focus on global initiatives after educating 27,000+ students locally. Founder John Dennehy aims to expand the impact globally, transitioning to remote work from El Salvador. The move comes as the country reevaluates Bitcoin policies post-IMF deal.
El Salvador, which made Bitcoin legal tender in 2021, reached a $1.4 billion IMF financing deal in 2024. As part of the agreement, the country must unwind Bitcoin initiatives and make BTC acceptance voluntary for businesses. Despite this, the government’s Bitcoin office shows holdings of 6,374 BTC valued at $654.8 million.
Read more at Cointelegraph.: My First Bitcoin Ends El Salvador Program, Shifts to Global Focus
