El Salvador Still, Bitcoin country, despite the fact that bitcoin is no longer legal tender in the country — at least from where I’m sitting.
Let’s start with some background on the matter.
On January 29 2025. Legislative Assembly The following are some examples of how to use El Salvador voted to remove bitcoin’s status as legal tender.
This Businesses in the United States are not required to accept bitcoin. This is because bitcoin has been classified as legal currency. I don’t know if the rule was strictly enforced, but I do know that large businesses (e.g. McDonalds and other big chains) that operate within the U.S. Walmart(may stop accepting Bitcoin as payment right now which could negatively impact adoption).
This About one month following the change, International Monetary Fund (IMF) has struck a deal in El Salvador It stipulates the following:
- El Salvador would receive a $1.4 billion loan to support the government’s “reform agenda”
- Bitcoin-related risks be mitigated; bitcoin acceptance in the private sector must be voluntary, while the public sector’s participation in Bitcoin-related activities would be “confined” (bitcoin can no longer be used to settle government debts or pay taxes)
- Operations For the newly created Bitcoin wallet, Chivo, would be “unwound”
While The news about the Salvadoran government’s reversing its policy on bitcoin as legal tender as a result of influence from the IMF feels like a gut punch even to me, someone who isn’t Salvadoran and doesn’t live in the country, I can’t help but believe that El Salvador Still, Bitcoin country.
And this feelThe following are some examples of how to useg has only grown stronger based on what I’ve seen Bitcoiners in El Salvador Posting at X.
Evelyn LemusThe co-founder of Director You can also find out more about the following: Education You can also check out our other articles. Bitcoin BerlinThe. Bitcoin circular economy within the country, doesn’t plan to stop teaching everyday Salvadorans You can find out more about this by clicking here. Bitcoin.
The Team at Bit Driver don’t plan to change their business model — accepting bitcoin as taxi fare — any time soon.
While John DennehyFounding father of Mi Primer BitcoinConcerned about the Government of El Salvador’s rolling back its policy on bitcoin as legal currency, he You can also find out more about the following: the ever-growing team at Mi Primer Bitcoin plan to double down on the work they’re doing.
The legendary Max and Stacy haven’t publicly voiced any plans to give up on El Salvador Anytime soon
And El Salvador’s Bitcoin Office, run by StacyStill stacking bitcoins and helping run Bitcoin The education system in this country is a good example.
The Lesson here is that the law surrounding Bitcoin The way you think about the world has changed. El Salvador. Bitcoiners The ground has barely reacted.
Because We are BitcoinWhat matters is everyday Salvadorans Everyone else who is involved Bitcoin Move in El Salvador The upcoming Bitcoin mission.
The IMF might have delivered a punch, but Bitcoiners The following are some examples of how to use El Salvador They remain committed to fostering a broader understanding of the issues. Bitcoin adoption.
El Salvador Still, Bitcoin country.
This Article is an Take. Opinions expressed are entirely the authYou can also find out more about's and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
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