埃尔·萨尔瓦多（El Salvador）对比特币的大赌注击中了一个障碍：它注册的几乎所有加密公司实际上都没有根据规则发挥作用。

根据El Mundo的最新报告，在El Salvador注册的比特币（BTC）服务提供商近90％均未运行，该报告引用了中央储备银行的数据

El Salvador's bold experiment in making Bitcoin legal tender has hit a snag: almost all of the crypto firms it registered aren't actually playing by the rules.

萨尔瓦多（El Salvador）大胆地制作比特币法律招标的实验击中了一个障碍：它注册的几乎所有加密公司实际上都没有根据规则发挥作用。

A recent report by El Mundo, citing data from the Central Reserve Bank, found that nearly 90% of Bitcoin (BTC) service providers registered in El Salvador are not operating.

埃尔·蒙多（El Mundo）最近的一份报告引用了中央储备银行的数据，发现在萨尔瓦多注册的近90％的比特币（BTC）服务提供商没有运行。

Out of 181 companies officially registered to offer Bitcoin services in the country, 161 are marked as "non-operating," which translates to about 89% of the total. Only 20 firms are still active. These include the government-backed Chivo Wallet, among others.

在该国正式注册以提供比特币服务的181家公司中，有161个被标记为“非运营”，这转化为总数的89％。只有20家公司仍然活跃。其中包括政府支持的Chivo钱包等。

At least 22 of the inactive providers may have failed to meet the regulatory standards outlined in Article 4 of the Bitcoin Law Regulation.

至少有22个非活动提供者可能未能符合《比特币法律法规》第4条中概述的监管标准。

This article required crypto businesses to operate with "high standards of integrity and honesty." Providers were supposed to have anti-money laundering programs, clear records of assets and liabilities, and cybersecurity systems adapted to the nature of the services offered.

本文要求加密货币企业以“高标准的诚信和诚实标准”运营。提供者应该有反洗钱计划，资产和负债的清晰记录以及适合提供服务性质的网络安全系统。

It’s unclear how many others are behind on compliance, or whether enforcement is underway.

目前尚不清楚其他有多少其他人在合规性上有多少次，或者是否正在进行执法。

Breaking paradigms of past

过去的范式

The numbers highlight the current state of Bitcoin in El Salvador. Back in 2021, the country became the first in the world to make Bitcoin legal tender. The move drew global headlines and crypto industry praise, but also concern from traditional financial institutions.

这些数字突出显示了萨尔瓦多的当前比特币状态。早在2021年，该国就成为世界上第一个制作比特币法律招标的国家。此举吸引了全球头条新闻和加密行业的赞誉，但也关注传统金融机构。

President Nayib Bukele, a self-described “CEO of El Salvador,” argued that the policy would attract tech investment, lower remittance costs, and bring banking services to the unbanked.

自称为“萨尔瓦多首席执行官”的总统纳伊布·布克勒（Nayib Bukele）认为，该政策将吸引技术投资，降低汇款成本，并将银行服务带给未银行账户。

The law made Bitcoin legal tender alongside the U.S. dollar. It also required all businesses to accept it as payment, unless they lacked the means to do so. The government launched its own digital wallet, Chivo, and handed out a $30 bonus in BTC to citizens who signed up.

该法律与美元并肩投标。除非缺乏手段，否则它还要求所有企业接受它作为付款。政府推出了自己的数字钱包，Chivo，并向BTC发出了30美元的奖金，向签约的公民分发了奖金。

Still, things didn’t go smoothly. The wallet faced technical issues, adoption was limited, and a year later, studies suggested that most Salvadorans had stopped using it altogether.

不过，事情并没有顺利进行。钱包面临技术问题，采用有限，一年后，研究表明，大多数萨尔瓦多人都完全停止使用它。

In a commentary for crypto.news, Hon Ng, chief legal officer of cryptocurrency exchange Bitget, which also secured crypto license in El Salvador, agreed with the data from El Mundo, saying it “highlights some significant challenges in the rollout of the Bitcoin Law.”

在对加密货币交易所Bitget的首席法律官Hon Ng的评论中，该官员也获得了萨尔瓦多的加密许可证，同意了El Mundo的数据，他说“突出了“比特币法律推出的一些重大挑战”。”

“With over 88% of Bitcoin-related companies still non-operational, it’s evident that there are infrastructural and institutional hurdles to address. While the legislation shows El Salvador’s vision to become a ‘crypto hub,’ further regulatory development may be required to effectively support the local ecosystem.”

“由于超过88％的与比特币相关的公司仍非运营，因此很明显，基础设施和机构障碍需要解决。虽然立法表明，萨尔瓦多的愿景可能需要进一步的监管发展，但可能需要进一步的监管发展以有效地支持当地生态系统。”

Hon Ng

恩格

IMF’s opposition

IMF的反对

By 2022, the Bitcoin Law had become a major sticking point in negotiations with the International Monetary Fund — an essential financial backer for El Salvador — as the country sought a $1.3 billion agreement. The IMF, in turn, made no secret of its concerns over the policy.

到2022年，该国寻求13亿美元的协议，到2022年，比特币法律已成为与国际货币基金组织（El Salvador）的重要财务支持者谈判的重点。反过来，国际货币基金组织毫不掩饰其对政策的关注。

It warned of risks to financial stability, consumer protection, and the country’s overall fiscal health. In a public statement, the IMF recommended that El Salvador “narrow the scope of the Bitcoin law by removing Bitcoin’s legal tender status.”

它警告了财务稳定，消费者保护以及该国总体财政健康的风险。国际货币基金组织在公开声明中建议萨尔瓦多“通过删除比特币的法定招标身份来缩小比特币法律的范围”。

For a while, the Bukele administration resisted. But eventually, the country’s Legislative Assembly introduced quiet but significant changes. The state was no longer required to be involved in Bitcoin transactions. Businesses were no longer required to accept BTC. In effect, Bitcoin stopped being enforced as legal tender, although the government didn’t say it in so many words.

一段时间以来，布克利管理局抵制。但最终，该国的立法议会引入了安静但重大的变化。不再需要该州参与比特币交易。不再需要企业接受BTC。实际上，比特币不再被执行为法定招标，尽管政府并没有用这么多话这样说。

Still, the government hasn’t backed away from Bitcoin completely. Quite the opposite. President Bukele has continued to publicly announce Bitcoin purchases, and says the country now holds more than 6,100 coins — valued at over $500 million. He recently claimed the portfolio was in the green. But the exact source of funding remains murky. Critics worry that the state may still be using public funds for purchases, something the IMF had reportedly asked El Salvador to avoid.

尽管如此，政府尚未完全退出比特币。相反。布克利总统继续公开宣布比特币购买，并说该国现在拥有6,100多枚硬币，价值超过5亿美元。他最近声称投资组合在绿色。但是确切的资金来源仍然模糊。批评家担心该州可能仍在使用公共资金进行购买，据报道，国际货币基金组织要求埃尔·萨尔瓦多避免这种情况。

Now, with the majority of registered Bitcoin providers inactive, it’s unclear how much of the country’s crypto infrastructure remains functional. The registry data doesn’t explain why so many firms have gone quiet.

现在，由于大多数注册的比特币提供商都不活跃，目前尚不清楚该国的加密基础设施中有多少仍然有效。注册表数据无法解释为什么这么多公司变得安静。

Bitget’s Hon Ng told crypto.news that the low low rate of active providers might be a “combination of several factors, with a significant issue being the gap between the legal framework and the actual business environment in El Salvador.”

Bitget的Hon Ng告诉Crypto.news，低率的活跃提供者可能是“几个因素的组合，重大问题是法律框架与El Salvador的实际商业环境之间的差距。”

“Although the Bitcoin Law is intended to be progressive, some aspects may not fully appreciate how startups and mid-sized financial service providers operate in the country.”

“尽管《比特币法》的目的是进步，但某些方面可能无法完全欣赏初创企业和中型金融服务提供商如何在该国运营。”

Hon Ng

恩格

Ng went further to note that the Bitcoin Law mandates that companies establish tailored cybersecurity programmes, adding that many crypto firms, especially small-medium sized firms, “lack the resources to meet these standards, particularly with the current inertia in user demand.”

NG进一步指出，比特币法规定公司建立量身定制的网络安全计划，并补充说，许多加密公司，尤其是中小型公司，“缺乏满足这些标准的资源，尤其是当前的用户需求中的惯性。”

“This, combined with regulatory ambiguity and limited mainstream adoption, can lead to situations where

“这加上监管歧义和主流采用有限，可能导致情况