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927 points smallerfish | 1 comments | 04 Feb 25 00:00 UTC | HN request time: 0s | source

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ptero ◴[04 Feb 25 00:17 UTC] No.42925410[source]▶

That's heavy editorializing:

El Salvador keeps buying the Bitcoin for its strategic reserve. Businesses and citizens can keep using it.

But for getting an IMF loan, IMF (which, to put it mildly, doesn't like Bitcoin) required the end to Bitcoin legal tender status.

Now the businesses are free to accept it or not instead of being required to accept it. That's all. The government plans to keep buying and using it.

p_j_w ◴[04 Feb 25 00:38 UTC] No.42925665[source]▶

>Now the businesses are free to accept it or not instead of being required to accept it. That's all.

Right, so it's no longer legal tender.

1. el-salvador ◴[04 Feb 25 15:26 UTC] No.42933534[source]▶

Day to day there won't be much change, as bitcoin acceptance wasn't really enforced.

El Salvador abandons Bitcoin as legal tender