Despite El Salvador's recent legislative decision to revoke Bitcoin's status as legal tender, the country continues to embrace Bitcoin culture. Influenced by IMF conditions related to a $1.4 billion loan, businesses may now opt out of Bitcoin transactions, potentially stunting broader adoption. However, local initiatives, including continual education and private-sector usage of Bitcoin, remain strong, suggesting that the spirit of Bitcoin is alive among Salvadorans. Entrepreneurs like Evelyn Lemus persist in promoting Bitcoin education, while businesses like Bit Driver maintain Bitcoin acceptance, reinforcing the community's commitment to the cryptocurrency.
Evelyn Lemus, co-founder and Director of Education at Bitcoin Berlin, emphasizes the ongoing Bitcoin education for Salvadorans, showcasing resilience despite legal changes.
The decision by El Salvador's Legislative Assembly to remove Bitcoin as legal tender was influenced by the IMF's conditions for a $1.4 billion loan.
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