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26 El Salvador Congress Votes to Revoke Bitcoin's 'Legal Currency' Status

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EditorDavid @ Slashdot 1 place · today 18:47 EDT

El Salvador Congress Votes to Revoke Bitcoin's 'Legal Currency' Status

After finalizing loan terms with the IMF, El Salvador's Legislative Assembly approved changes to the country's Bitcoin Law last week by a 55-2 vote, "effectively removing bitcoin's status as legal currency," reports Reason.


Under the new rules, bitcoin is no longer considered "currency," though it remains "legal tender." Another change makes using bitcoin entirely voluntary. (Previously, the law mandated that businesses accept bitcoin for any goods or services they provided.) Additionally, bitcoin can no.

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