Is #Bitcoin no longer LEGAL TENDER in El Salvador 🇸🇻 ?
According to Julie Kozack, Director of the Communications Department at the IMF, the use of Bitcoin is now "voluntary".
Source: https://www.imf.org/en/News/Articles/2024/12/19/tr121924-com-regular-press-briefing
This guy has a great write up about this
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As it should be. People do not respond well to mandates or ultimatums.
I’m pretty sure it was always voluntary, they never made it THE currency, just a currency, as in a recognized currency in the country so it could be used the same as the US Dollar which has been their official currency since 2001
That's how it should be: Voluntary! No problem here
Finally something good for Bitcoin
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While I understand your position, try to consider that "legal tender" or reserves are a signal to businesses to start using it in balance sheets. How to get it? maybe by accepting bitcoin as a payment method.
