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### El Salvador Drops Bitcoin ###

El Salvador recently approved changes to its Bitcoin law, which sparked a rally in its dollar bonds. This move indicates that the country is close to securing a $1.4 billion loan from the International Monetary Fund (IMF). However, the IMF had previously urged El Salvador to remove Bitcoin's status as legal tender due to concerns over financial stability, financial integrity, and consumer protection.

Now, I wonder how all those Bitcoiners that move there are feeling, betrayed probably...

#Bitcoin

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Discussion

Pinguimdarelva⚡ 11mo ago

GA 🔍 🇧🇷

ppatel 11mo ago

What does legal tender really mean now though. Bitcoin is not legal tender in NZ, but its fine to use as a medium of exchange.

espn ✔️ 11mo ago

it means adoption guaranteed since all retailers and individuals transacting with currency are required by law to accept a legal tender

ppatel 11mo ago

No one seems to care, the price is not moving, and Max Keiser is not talking about it which is always a good sign.

espn ✔️ 11mo ago

true, El Salvador was a good experiment, and an excellent ambassador of what it could be achieving the Bitcoin ethos, but, too small to matter , which right now is good for the hodlers