El Salvador made bitcoin a legal tender, Singapore has not made bitcoin a legal tender, the second country that makes bitcoin a legal tender is Central African Republic.
There are many crypto friendly countries that do not make bitcoin a legal tender, but still accepting it as a means of payment and for investment.
That's what I was thinking.
The latest on the subject that I have been able to find is this:
Singapore Plans to Broaden Crypto Regulations After ShakeoutThe country is crypto-friendly but now, as a result of the Terra Luna and other catastrophes, plans new regulations to prevent such things from happening again:
"
TerraForm Labs and Luna Foundation Guard, the entities behind TerraUSD, list Singapore as their base. Three Arrows was a registered fund management company in the city-state until earlier this year. Vauld, a crypto lender trying to stave off collapse by selling itself, is also headquartered in Singapore."
But no, they do not consider Bitcoin a legal tender.