4 ms·
Worth noting that adopting a currency as legal tender and keeping reserves of that currency are two different things. El Salvador has abandoned the former, your
by mastazi 2y ago
Worth noting that adopting a currency as legal tender and keeping reserves of that currency are two different things. El Salvador has abandoned the former, your government wants to do the latter.
- alephnerd 2y agoIt's de facto the former as Crypto-first payments are increasingly accepted in the US AND the admin is considering giving crypto tax-free status exempt from capital gains.
- jfengel 2y agoIt's hard not to see the "crypto reserve" as a step towards "you can pay your taxes in crypto". Which isn't quite the same as legal tender but it's infinitesimally close.