Very interesting. I consider this development quite bad. Here on the ground, of course, the extent to which the "bitcoin must be accepted" law is enforced is variable, but almost every large store *does* accept it (and often, it's pretty easy). Moreover government offices must accept it also. The banks of course, *never* acceeded to Bukele and are as nasty, evil and incompetent here as they are in the rest of the world. This retrograde step might make living even *mostly* on a bitcoin standard here revert to being nearly impossible.

And Bukele bending the knee to the IMF on this point is a really bad look. Imo a big part of the problem is his constantly getting enthused by expensive fantasy projects that go nowhere* instead of focusing on much easier economic and practical wins.

* The only one that materialized was the honestly trashy looking central "library" entirely financed afaik with dirty CCP money.