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BREAKING: El Salvador ENDS Bitcoin Legal Tender Status and Halts Purchasing BTC.

After 3+ years, El Salvador has officially revoked Bitcoin’s status as legal tender in order to receive a IMF loan. Bukele’s government, once defiant, has caved.

Adding to the blow, the country skipped multiple days of BTC purchases for the FIRST TIME since the “Bitcoin a day” program began.

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Discussion

Derek Ross 11mo ago

Oof

Nice and Kind Vic 11mo ago

https://www.reuters.com/world/americas/lawmakers-el-salvador-rush-new-bitcoin-reform-after-imf-deal-2025-01-30/

mattaroo 11mo ago

I don't believe this to be the case. Are you reading Western headline news? I am hearing a very different story out of El Salvador. They merely made it voluntary for institutions to choose BTC or Fiat. I am not there so I don't know for sure, but I listened to Max K talk on this subject recently.