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Most financial fraud and scams involve the use of cryptocurrency ATMs. Scammers often try and convince victims to deposit cash into crypto ATMs and collect it in the form of cryptocurrencies. According to McHenry, victims of financial fraud are sensitive to how the scams are perceived, which may prevent many from reporting such crimes:
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AI tools are playing a key role in making “scams more believable,” she said, urging regulators to shift away from relying on “tips and tricks” and instead “emphasize media literacy.”
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Wang has seven years of experience as a core researcher at the Foundation and Stańczak grew Nethermind from a small project into one of Ethereum's largest execution clients and a global company.
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On Feb. 26, Bybit confirmed that forensic reviews conducted by Sygnia and Verichains revealed that “the credentials of a Safe developer were compromised [...] which allowed the attacker to gain unauthorized access to the Safe(Wallet) infrastructure and totally deceive signers into approving a malicious transaction.”
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Before you buy Bitcoin in Canada, you need to complete some steps, as explained below. Moreover, to keep your Bitcoin safe, you also need a cold wallet. Here is more information regarding these steps:
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“Political parties in power change. Laws can be changed easily. What matters is real Bitcoin adoption — top-down or grassroots; the goal is real people understanding and using Bitcoin,” he concluded.
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“I would assume that the government can continue to acquire Bitcoin as an asset since they are continuing with that, but it could also be that it may be stopped at a later time. It all depends on what ‘confined’ means. We’ll see,” Mow wrote.
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Separately from the Bitcoin Law changes, there are still questions pending from the agreement between the IMF and El Salvador, Mow said, referring to unclear wording of the agreement that was released on Dec. 18, 2024.
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Article 8 of the amendments also stipulated that the state doesn’t need to help facilitate BTC transactions, paving the way for a potential phase-out or sale of El Salvador’s government-provided crypto wallet, Chivo.
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Another important takeaway from the Bitcoin Law amendments is that the changes prohibit the Salvadoran government from “touching BTC,” Mow wrote.
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“Removing the word currency makes the Bitcoin Law a lot less useful,” Mow continued, adding that the passed amendments also prohibit tax payments and essentially any government fees with BTC.
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Still, the amendments are prone to contradictions, with the law no longer classifying Bitcoin as a currency but at the same time making it “voluntary legal tender,” he noted.
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“The amendments to the Bitcoin Law are very clever and allow for compliance with the IMF agreement while allowing the El Salvador government to save face,” Mow said on X.
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Salvadoran lawmakers subsequently approved legislation to amend its Bitcoin law by late January 2025 as part of the deal.
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In December 2024, the IMF struck a $1.4 billion deal with the Salvadoran government, offering the loan in exchange for the country scaling back its Bitcoin adoption.
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The IMF, an international organization operating within the United Nations, has long opposed El Salvador’s Bitcoin experiment, repeatedly warning about financial stability risks.
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As part of the law, the Salvadoran government mandated that all local businesses accept Bitcoin as a means of payment to promote its adoption. The government made its first BTC purchase in September 2021.
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El Salvador’s Bitcoin amendments came about three years after the nation adopted its Bitcoin law in September 2021, officially recognizing BTC as legal tender.
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Mow, an early Bitcoiner and advocate of nation-state BTC adoption, described El Salvador’s Bitcoin status question as a “glass is half full” situation.
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“The Bitcoin situation in El Salvador is complex, and there are many questions that still need to be answered,” Mow said in a post on X on Feb. 13.
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