Only 20 out of the 181 Bitcoin service providers registered with El Salvador’s central bank are currently operational. This figure represents a mere 11% of the total, as the remaining firms have failed to meet the stringent requirements set out under the country’s Bitcoin Law. According to local media outlet El Mundo, data from the Central Reserve Bank of El Salvador highlights this significant shortfall. As a nation that was the first to adopt Bitcoin as legal tender, the low operational rate raises questions about the viability and effectiveness of the current regulatory framework. Industry experts urge a reassessment of these regulations to encourage growth within this innovative sector. A healthy cryptocurrency ecosystem could boost economic prospects and establish El Salvador as a cornerstone of digital finance.