As El Salvador approaches its national elections on Sunday, Vice President Felix Ulloa, in an exclusive interview with Reuters, outlined the government’s unwavering commitment to Bitcoin, especially in the context of President Nayib Bukele’s potential second term.
Vice President Ulloa, who is currently on leave to campaign for re-election alongside President Bukele, confirmed that BTC’s status as legal tender in El Salvador will continue unabated. This statement comes amidst El Salvador’s ongoing negotiations with the International Monetary Fund (IMF) for a $1.3 billion loan, where the IMF has suggested that El Salvador “reconsider” its adoption of Bitcoin.
Ulloa expressed the government’s firm stance against reversing its decision on Bitcoin, especially in light of the recent move by the US Securities and Exchange Commission (SEC) to approve US-listed exchange-traded funds (ETFs) that track BTC. He remarked, “Not only will it [the law] be maintained,” adding, “At t
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