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The country made Bitcoin legal tender in 2021, but is now revamping its law.

The company reports fourth-quarter earnings on Wednesday.

President Donald Trump has begun a new trade war with Canada, Mexico, and potentially China, and this has had a significant ripple effect on the broader financial landscape, including the cryptocurrency market. Trump’s latest move involves imposing a 25% tariff on imports from Canada and Mexico, while Chinese imports will be taxed at 10%.

The crypto market was in tatters late Sunday night after traders realized there wouldn't be a tariff reprieve before global stock markets opened Monday morning. Bitcoin (CRYPTO: BTC) fell below $100,000 and looked like it could break $90,000 before bouncing a bit. As of 10:00 a.m. ET Monday, Bitcoin is down 5.7% since the market closed on Friday and 2.1% in the last 24 hours.

The government secured a $1.4bn loan from the IMF, prompting a cautious approach to Bitcoin after the lender's recommendation.

It's true that both Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) are meme coins based around cute pictures of dogs, but the two cryptocurrencies have differing factors driving their prices. With a market cap of $36.5 billion, it's no surprise Dogecoin is known as the king of the meme coins. There's a very good chance that Dogecoin will still be an important cryptocurrency 10 years from now, as it has already survived longer than anything else in its asset class.

The company plans affiliate offices across Switzerland, Hong Kong/Greater China, Canada and South America.