[El Salvador sees Bitcoin as a tool to get rid of its dependence on fiat currencies such as the US dollar] On June 15, El Salvador's Bitcoin roadmap may include deeper integration of crypto assets as part of its economic future. El Salvador's Vice President Felix Ulloa recently said that Bitcoin could be a tool to liberate El Salvador from the use of fiat currencies, including the US dollar. In an interview with Russia Today (RT) during the St. Petersburg International Economic Forum (SPIEF), Ulloa emphasized the economic freedom opportunities that the adoption of Bitcoin brings to the country. When asked about El Salvador's possible de-dollarization and its relationship with Bitcoin, Ulloa emphasized that they had studied this case before, and returning to the Salvadoran colon (the country's legal currency) would place a heavy burden on the country. El Salvador adopted the US dollar in 2020, allowing the use of the US dollar in all commercial and financial transactions while seeking to improve its economic data. Ulloa said that El Salvador hopes to liberate its economy from the central bank and also hopes to get rid of its potential dependence on fiat currencies such as the US dollar, euro, and pound.
