Vice President of El Salvador: No intention to reverse BTC’s decision to become legal tender

Despite repeated calls from the International Monetary Fund (IMF) for El Salvador to abandon the use of cryptocurrency as legal tender, El Salvador has reiterated its commitment to accepting Bitcoin. El Salvador's Vice President Félix Ulloa stated in an interview with Reuters on Wednesday that even if the IMF once again urges the country to abandon the legal status of cryptocurrency, Bitcoin will still be El Salvador's legal tender during the billion-dollar loan negotiation period under President Nayib Bukele's second term. El Salvador will hold a general election on February 4th, electing a president, vice president, and all 60 representatives of the legislative assembly. Ulloa confirmed that the Salvadoran government has no intention of revoking its decision to make BTC a legal tender. He pointed out that the recent approval of a spot Bitcoin ETF by the US Securities and Exchange Commission (SEC) further solidified its determination.