Quote from: harapan on Today at 06:40:27 AM

· El Salvador became the first country to make bitcoin legal tender; not only must bitcoin be accepted as a means of payment for taxes and debts, ...bitcoin currently serves as means of exchange.

El Salvador took the step of adopting Bitcoin as legal tender in 2021,without a second thought with the goal of promoting and assisting citizens livelihood.

The government does not recognise cryptocurrency as legal tender and will take all measures to eliminate the use of these cryptocurrencies in financing and economics.The government are not in full control of bitcoin so they wouldn't want to make it a legal tender.Even if they don't want bitcoin to influence and popularize over fait as a currency;that is a legal tender,they should make its usage available,accessible and acceptable.

But bitcoin is not the only currency in El Salvador, they are still using USD along with bitcoin and we don't know which currency is most commonly used there. Bitcoin or USD? But as we can see, the president of El Salvador is using bitcoin as an investment rather than a currency. According to a recent report, their investment has brought a profit of up to 50% and they still buy bitcoin every day with investment goals.

Outside of El Salvador, I don't think any developed country will accept bitcoin as legal tender, it's almost unlikely.