Salvadoran Vice President: No intention to revoke the decision of making BTC a legal tender

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