El Salvador is still the country of Bitcoin, despite the fact that Bitcoin is no longer a legal tender in the country – at least in terms of sitting.
Let’s start with some background on this issue.
On January 29, 2025, the Legislative Assembly voted in El Salvador Bitcoin removal as a legal tender.
This means that companies in the country no longer have to accept Bitcoin (not that this rule has been accurately applied while Bitcoin was classified as a legal currency, as much as I know; however, I was told that the major companies are working in the country (for example , McDonalds, Walmart) may stop accepting Bitcoin as a payment now, which can have a harmful effect on adoption).
This change occurred about one month after the International Monetary Fund (International Monetary Fund) A deal with the authorities in El Salvador That states the following:
- El Salvador will receive a loan of $ 1.4 billion to support the government’s “reform agenda”
- Reducing the risk related to bitcoin; Bitcoin acceptance in the private sector should be voluntary, while the participation of public sector in activities related to bitcoin will be “confined” (it is no longer possible to use bitcoin to settle government debts or pay taxes)
- The government’s bitcoin operations, Chivo, will be “non -binding”
While the news of the Salvadori government reflects its policy on Bitcoin as a legal tendency as a result of influencing the International Monetary Fund, it seems like a bowel punch even for me, someone is not Salvadora and does not live in the country, I can, “I can.” Do you help but believe that El Salvador is still the country of bitcoin.
This feeling has grown only stronger based on what I saw in Bitcoiners in El Salvador is published on X.
Evlin Limos, co -founder and director of education in Bitcoin BerlinThe Bitcoin’s circular economy inside the country is not planning to stop teaching daily albetydorians around Bitcoin.
I just say that loudly.
Bitcoin will not stop teaching around bitcoin and making adoption just because Bitcoin is no longer a legal tender. This means that we need to continue to push strongly and continue what we do
LFG
Bitcoin in the hands of peoplepic.twitter.com/hnmpjml5c7
Evlin Limos (@Evelynlemus2906) February 2, 2025
The team is in Bit driver Don’t plan to change their business model – accept Bitcoin as taxi fee – any time soon.
We are still bitcoin company.
– Bitdriver (pitdriver_sv) February 2, 2025
While John Diniha, the founder of Mi Primer Bitcoin, has expressed concern about the El Salvador government for the decline in its Bitcoin policy as a legal currency, he and the growing team in the Mi Primer Bitcoin plan to double the work they are doing.
Good morning from El Salvador!
We have now on the ninth day since the government canceled Bitcoin as a legal tender, at the request of the International Monetary Fund (effective after 90 days)
This means that the independent bitcoin education is now more important than ever
In response, in … pic.twitter.com/itxdf0gaol
John Dinhi (@jdennehy_writes) February 7, 2025
Legendary Max and Setcy She publicly did not express any plans to give up El Salvador anytime.
The Bitcoin Office in El Salvador, which is run by Stacy, is still accumulating Bitcoin and helps operate Bitcoin education programs in the country.
El Salvador is still stacking.
every day.
TOTAL SBR Holdings: 6,071.18 BTC
Bitcoin Office (Pitcoinofficesv) February 7, 2025
The lesson here is that although the law surrounding Bitcoin has changed in El Salvador, the bitcoin currency on the land in the country has turned.
Because we are Bitcoin, what matters most is that the daily alvadores and everyone who participates in the Bitcoin movement in El Salvador continues to move forward in the Bitcoin mission.
The International Monetary Fund may have a blow, but the bitcoin currency in El Salvador is still steadfast in their efforts to enhance the adoption of the wider bitcoin.
El Salvador is still Bitcoin country.
This article is a Take. The opinions expressed are fully author and do not necessarily reflect the views of BTC Inc or Magazine Bitcoin.
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