Source: CounterPunch
by Victoria Jones
“The recent Pakistan-El Salvador Bitcoin deal exemplifies how the adoption of cryptocurrency can allow emerging economies to circumvent mechanisms of traditional multilateral oversight, and thus represents a potential challenge to the wider architecture of global financial governance. The unprecedented agreement between these two countries symbolizes a departure from standard bilateral engagement and marks the emergence of what some have termed ‘Biplomacy,’ or the use of Bitcoin advocacy in international relations.” (10/01/25)