đGood news! Salvadoran Vice President Felix Ulloa recently revealed that Bitcoin could be a tool to liberate El Salvador from the use of fiat currencies, including the U.S. dollar. đDuring the St. Petersburg International Economic Forum, Ulloa highlighted the economic freedom opportunities that Bitcoin adoption brings to the country. đ
đWhen asked about El Salvador's possible de-dollarization and its relationship to Bitcoin, Ulloa revealed that they had studied the case and that returning to the Salvadoran colon (the country's legal currency) would place a heavy burden on the country. đEl Salvador adopted the U.S. dollar in 2020 to improve its economic situation, but now it seems that they want to liberate the economy from the central bank and get rid of its dependence on fiat currencies such as the U.S. dollar, euro, and pound. đ
đUlloa pointed out: "For this, Bitcoin has become an option; not only Bitcoin, but also other cryptocurrencies that circulate in the international market." Last year, El Salvador passed a digital asset law that included cryptocurrencies, tokens, and other digital assets to further promote economic liberalization. đŻThis is undoubtedly a great affirmation of Bitcoin, and it also indicates that cryptocurrency may play a more important role in the future global economy! đ„
