Topic: Can small countries in accepting bitcoin as legal transaction? (Read 478 times)

Not until there is a clear stand of every big government towards bitcoin ? then small countries will be desperately coming to accept or adopt bitcoin .
though in some state of US bitcoin is accepted as legal payment even in a government establishment.

We are all looking for this acceptance , we as bitcoin users but our government seems to be taking long for having this .

on the other hand, of course the government wants control over the economy in its country, with its own fiat currency, the government can reduce the rate of inflation and can increase the rate of economic growth in its country, this will be different from bitcoin, as you mentioned above, if that happens then it will be difficult what the government will do, because it does not have full control

If the government were to accept bitcoin as their legal tender, they can't lift this implementation up when bitcoin is not doing well. It is true that accepting bitcoin as a legal tender will help drive their economy by attracting more investors and encouraging spending. Now if bitcoin were to crash, businesses would have to up their prices which is not ideal for anyone much less the government. Knowing when bitcoin will rise, or fall will not do anything for the government but warn them about future challenges.

Yes it is really possible for small countries to accept bitcoin and it is so much interesting just like the El Salvador, they actually did good for themselves. I will advise more countries if they possible they should engage because it will definitely help them and that is the truth but anyway  I really don't know much to say about this topic, but it is good anyway for more contribution to call me and I want to also know other people's opinion on this topic, I really that everyone intention is to make money that is how every country intention is to make money 21st century digital activities
Most of this top countries have already store bitcoin in different areas but they will not escalate it it will always be a secret because of their name but I know they are doing it for a reason

I think that many other small countries sooner or later will follow El Salvador, especially those that have a currency that keeps losing value because of the inflation. Or even countries that want to start a de-dollarization process unless they want to use euro o yuan but it wouldn't make a lot of sense at that point.

Small countries can accept Bitcoin as legal means of making money but not all developing countries can survived in the long run. It's tough decision for the government of these developing nations because they sense dominate and surpassing their fiat currency if they make Bitcoin legal. Bitcoin is gradually surpassing the limits set up and this is good news for Bitcoin because it have successfully paved path for other crypto projects.

When the government is already blinded by selfish interest, even the simplest of things that will benefit the whole nation will be termed scam, impossible or unrealistic projects. The bitcoin ecosystem have come so far that it is clear for everyone to see where it is headed and what it stands to be in the future for any country that gets to adopt it and makes it a legal tender. But we have been in this point for years because bitcoin is decentralised and if the government will want to have total control of it, then we are not anywhere close to se e the legal adoption of bitcoin to more countries or even globally.

The El Salvadoran president, Nayib Bukele has made a remarkable history for been the first country to make bitcoin a legal tender and open doors to more trade using bitcoin. He has envisioned the idea of bitcoin and anticipating for the day his decision will pay off for him. For optimist that he is and continues to accumulate more bitcoin, he will one day reap the fruits he has sow today. Knowing the pros and cons of what you’re investing into and still be optimistic about it is the best thing ever and this a commendable one by him. I can’t wait to see them being recognized as the hub of cryptocurrency globally.

The size of the country has nothing to do with their economy, a good example is the Vatican which is the smallest country in the world but has a solid economy. So, maybe you should talk about 3rd world countries instead of small ones.

And will be hard to see countries following the steps of El Salvador, no one is even trying. But i wish my country make from Bitcoin real money in a legal way because right now it is classified as a digital asset and the problem comes when we talk about taxes.

One of the major challenges with Bitcoin adoption by small countries is the international monetary fund, which is a global financial institutions who have put fear on countries about the dangers of Bitcoin adoption, just like how their attempt to discourage El Salvador on their Bitcoin adoption, aside from that we may likely be having higher Bitcoin adoption by governments.


Small countries will find things very hard if they go against IMF advice since most of them are not financially stable enough to stay off IMF loans, not knowing to them that Bitcoin is even there ticket to overcome financial dependent.

I don't think there is any chance for first world countries like the U.S or France to make BTC a legal tender, the chances are better with third world countries, but then there is the limitation of poor internet connection, poverty, limited knowledge, etc. I don't mind BTC not being a legal tender, as long as it is accepted as a means of payment, the status of legal tender may be asking for too much now, people should simply understand what BTC is, and spend it when they find merchants around them that accept payment in BTC.

It doesn’t really make much sense to buy stuff using bitcoin anyway. The fees are usually damn high and credit cards are much faster and cheaper. Countries should accept litecoin instead because it functions better as a currency. Sure it is not as good as bitcoin as a store of value asset but nothing is perfect.

Whether small countries make crypto legal or not is not important too. As long as people can do p2p transactions, we don’t need any help from the governments.

Yes, every countries can follow El Salvador's footsteps also introducing Bitcoin as legal tender side by side with their local fiat currencies inside their territories. There must be just a desire from regulators regards this matter in first place. And that is already the first big challenge, because most regulators aren't interested in promoting Bitcoin to their local citizens, as it's not interesting for the lobbies, monopolies and oligarchs who run the countries.

A deep change of mindset is demand from individuals in order to make Bitcoin an attractive currency to be adopted as legal tender and used for real by a considerable portion of the citizens from a determined country. It's not an easy task, to say the truth. Lots of personal interests are involved, lack of education and conscience by the masses are another challenges which have to be faced.

Abusive regulations is also an issue when we talk about Bitcoin legal tender, because it's possible governments use this regulation as an excuse to overtax its citizens who make use of the cryptocurrency over their earnings.

There are many challenges ahead as this is still an unknown environment for most people and regulators.

Its not problem with small or bigger countries for accepting bitcoin become legal tender payment transaction, recently El Saavdor as the first country have been make bitcoin legal digital currency transaction not bigger country and have small population. But easily for El Savafor president how to make their parliament believing with bitcoin potential in the future and make it become legal payment transaction.
Small countries can adopt bitcoin as payment transaction and show the advantage of their country and make tourism come there by using bitcoin for payment currency.

Follow what did by  El Savador receiving all payment kinds in their country by using bitcoin and make easily for tourist visiting El Savador without convert their fiat fund to local transaction of El Savador.

Most small countries need a lot of ways to make money, they don't have a lot of resources to make money for themselves after all so I'm really sure that if there's favors that can give you money, you're probably going to take that opportunity if you know that it will benefit your country as a whole, there's a reason why a lot of micro countries like Curacao, Virgin Islands, and most of the Caribbean countries are considered a tax havens and hotbeds for shell companies and bitcoin just so happens presents a big opportunity for these small countries, I don't think that they're going to pass up on the opportunity.

Any country that is still experiencing economic difficulties must have a leader who has a mindset like Nayib Bukele, he dared to implement his admiration for Bitcoin and succeeded in convincing lawmakers to make Bitcoin a legal currency in their country. It takes approval from all government agencies to change the law so that Bitcoin is legally recognized and becomes the only currency that applies there.
There are literally a lot of considerations and challenges that must be faced if adopting Bitcoin as a legal currency because they do not have full control over Bitcoin. But if you look at how El Salvador's economy improved after recognizing Bitcoin as legal tender, all these challenges are not a scary reason for countries that want to improve their economy.

Yes, other small country can accept BTC as legal tender in their countries, if their president or leaders have the knowledge of BTC because El Salvador president has the knowledge of BTC that made him to agree to make it legal tender in his country.

The most important thing that will make small country to make BTC legal tender, for their people to be using it to buy goods and services and pay with BTC, is when the government understood BTC and what BTC can do to the country that made it legal tender.

I guess many countries are making BTC legal tender in their countries, and it is adding value to their economy, which i know that many big and small countries will soon make it public for other countries to know that they have join.

Yeah sure why not?  I think a lot of small countries are unlikely to do so.  I guess it all depends on who really runs that small country, if they are a truly sovereign nation, or if they are sort of the underlings of a larger nation, perhaps ones who's currency they already are using instead of having their own. 

Bitcoin means freedom and I love that El Salvador was willing to go above and beyond to be the first to do it.  Let's hope there's more.

I hope they will... little by little, we will see next year. I hope that at least a couple extra countries will embrace it

Hmm, buddy that's not possible maybe on some level people can be influenced to use Bitcoin for their payments but the government is not going to support maximum transactions in Bitcoin, because it will directly impact their tax, collection economic policies development, and their entire economic cycle Because movements manipulate the economy and the flow of money through banks to run the economy of any country in Bitcoin they won't have the power to do such things.

That's the reason, my perspective is governments are never gonna encourage such things. Yup there's some exceptions possible as well.

Bitcoin have been in the space for more than 14 year and since its existence every four years have always been for Bitcoin halving and bull market, following the Bitcoin halving and bull market, any body that is investing in Bitcoin needs to be aware already that Bitcoin bull market starts after every four years. The government needs to be aware of this before they can make Bitcoin a legal tender. The fear of the government is that Bitcoin is took volatile and that is true but if they learn about the Bitcoin history, they will all be aware of the right season to expect huge profit from Bitcoin which is going to be beneficial to the country economy.

Aren't you a bit late with this discussion? This has been discussed multiple times on the forum. The current year is 2024, not 2022.
Making Bitcoin a legal tender in a small and underdeveloped country won't change anything. It won't lead to mass adoption of BTC around the world and I don't think that will lead to mass BTC adoption inside that particular country. Small and underdeveloped countries simply don't have a big amount of rich and middle class people, who are willing to buy decent amounts of BTC. The people can buy BTC even if BTC isn't a legal tender. Making BTC a legal tender doesn't change anything.

Bitcoin is now crossing a level where it does not expect any country to tender because it has its own acceptance. While citizens of most countries prefer to see it as a hedge. In the future it will be more aggressive. It is time for the government to clarify its own position beyond the decisions of the citizens.

I think with the level of bitcoin right now, it’s more of the government who is against bitcoin rather than their citizens. You can find people of a country either neutral or in support of bitcoin but I have not seen much people who were totally opposed to the idea of bitcoin.

Even if most of the people in a country accept bitcoin, everything comes down to the decision of the government.

The government will decide what the fate of Bitcoin will be in that country in some countries it is legal and it is legal, and once it is not legal they are not stopping people from using it, and the issue of legal tender should be based on individual and not even the government because its agreement between the buyer and the seller so anyone can decide to start accepting bitcoin in their business, so it is an individual business, except for some countries that officially made a legal tender that on is a different case because the government made it official. almost every country has more than one legal currency but it will only be valid in some specific places.  a country will not just make it legal there has to be a lot of consideration made before implementing anything. because they will look at the economic benefits before making it official and making it a legal tender is good because there will be taxes and the government will make money from generating money from their.

The actual challenge is they have to educate everyone about Bitcoin which may even possible but on the hindsight it is a sign that their fiat system is failing which can endangering lot of their economy related things in the future when it comes to international trades and allies. However there are some countries accept Bitcoin as form of payment even without making it as legal tender for example income tax payments.

No government can accept Bitcoin at will. Because the political context and the consensus with the opposition and the central bank determine the extent to which Bitcoin can be compatible with the economists of that country. El Salvador was the first to accept Bitcoin. But the people of that country took it easy. So the decision to accept Bitcoin has become easier. But one must first know how the people of any country view Bitcoin. Moreover, the use of Bitcoin must always be spread. Only then can the country accept Bitcoin through various legal channels.

El Salvador is the first country in the world to accept Bitcoin as legal tender, but implementation is difficult.  Especially in third world countries.  Because the people of these countries are not easily familiar with the internet technology. With the change of time, almost all the countries of the world will become familiar with it.

But is there any way for bitcoin to become popular without government acceptance and recognition? Surely there is no way because this world is still under the control of the government, they are still the most powerful people.
If we want bitcoin to become popular, want bitcoin to be widely used or even become a global currency, the price we have to pay is loss of privacy, decentralization...

Satoshi tried to create a peer-to-peer currency to give us freedom, which is an admirable effort, but that doesn't mean it would succeed without problems. Just like bitcoin was not created to be an investment tool but why do we use it as an investment and if it did not generate profits would it have become as popular as it is today?

The country has the right to govern itself without interference from other countries. This includes in any affairs including Currency. The state has the right to make currency as a medium of exchange to crush the country's economy. But you need to know that every country sometimes has dependence on foreign countries so there are decisions that might make them not go well, including legalizing bitcoin as a currency.

Since the IMF has announced against the use of bitcoin, they even gave El Salvador a threat. The IMF or World Bank will not provide financial assistance to El Salvador. So many countries certainly think repeatedly because of this fear. So all countries can accept Bitcoin payments but there are risks that they have to get.  No one is able to intervene in the government of a country. CMIIW

Source: https://ww1.odu.edu/content/dam/odu/offices/mun/docs/4th-non-interference.pdf

I guess there's no other country for now will make bitcoin as legal tender since they would face a lot of challenges since their are big entities that will stop them. Since IMF is putting a lot of pressure to El Salvador and ask them to remove their implementation regarding on making bitcoin as their legal tender. Read this article written by bbc https://www.bbc.com/news/world-latin-america-60135552 also this one https://www.nasdaq.com/articles/imf-demands-changes-to-el-salvadors-bitcoin-law:-report they threaten El Salvador badly but their President didn't get afraid but to continue their plans. And now we see El Salvador surviving despite of those pressures they receive.

But I doubt there are other small countries could able to do that since their economy might get affected badly if IMF will also put the same or maybe larger pressure for what action they made towards bitcoin.

Using BTC as a legal means of payment can of course be done by large or small countries, but of course in this case there are pros and cons because the price of BTC fluctuates so of course in this case it depends on the government policy of that country. because of course every country has its own rules.

Yes, in ElSalvador, the government really supports Bitcoin and the people can use BTC as a means of payment and the ElSalvador an government always buys BTC every day and of course, Elsalvador is now considered successful because the price of BTC is now high, so Elsalvador can definitely get big profits if all its BTC is sold. Now.

So my view is that countries big or small can use BTC as a means of payment as long as the government allows it. However, in some countries, BTC can only be used as an investment asset, so in this case it certainly depends on the laws that apply in that country.

While people are pushing for bitcoin to be acknowledged by the government as it can finally legitimize bitcoin and cryptocurrency at large but the best way to use bitcoin is still without the involvement of the government or any third party institutions. It was the reason why bitcoin was created in the first place after all.

It is difficult for Bitcoin to become a legal currency in a country, whether it is a small country or a large country, the government will not legalize Bitcoin because if Bitcoin is legalized, many governments will not get a fee from circulating money in their country. . At this time we must admit that the only rich people are those who sit on government benches both in my country and in your country. So for the reasons I mentioned, Bitcoin is difficult for the government to legalize.

Of course, why not?

The only requirement to accept Bitcoin as legal tender is the government itself, there's nothing else you need to take care of.

In order to use Bitcoin, you need to have a device, electricity and money, if you only have one or two of these, you will not able to own and use Bitcoin.

It doesn't have to be the big countries, presidents in small countries also don't want to see a thing that could become a threat for them. Didn't you know if greedy presidents are mostly exist in small or poor countries?

I think they should do that In order to break the power of these big currencies so that their financial condition can be made better. If they'll accept BTc for transactions then their country will flourish and they'll get better economical results.

But the big countries and super power will never want someone to have such independency they just want you to be their slaves thats why they have divided people into colonies and now they're ruling them easily.

that's possible if a small country accepts bitcoin as legal tender in their country. in fact it is a good solution for their country's economy. because by accepting bitcoin as legal tender, it will make it easier for them to be able to make bitcoin as their reserve asset and for various other purposes. because implementing bitcoin in small countries is much easier compared to larger countries, and it will not have too significant an impact on their country as a whole.

Any country can adopt Bitcoin, as a legal tender, whether they're big or small, but I think that there's a reason why it's not happening yet, every country wants a centralized fiat currency that their central banks can regulate. As we know Bitcoin is decentralized and countries cannot control it, so I believe that it will be very difficult for many countries to adopt it whether they're a big or small country. As you noted, what if whales decides to manipulate it, how can a country be able to regulate it to suit their economy, this will not be an easy task. I think that Bitcoin, will function better as an alternative currency, to be used in p2p transactions, and it's massive adoption can make it the top digital cash, above every fiat currencies.

I think that hypothetically, more countries can accept Bitcoin as legal tender. If a country is federalized enough or has special economic zones and doesn't want to accept Bitcoin as a whole, it's possible to adopt Bitcoin in specific regions as well, which I believe we've seen multiple times over the years (although I'm not sure it was called 'legal tender' there). If a country, big or small, is motivated to adopt Bitcoin due to low economic growth, high inflation or something like that, it can be done. But the motivation isn't very high for now, as it's not clear whether adoption by El Salvador was a success for that country.

I think it depends on a country's policy. If they really need it, then it is not a problem to accept bitcoin as a payment alternative. Apart from that, there are several countries that have more than 1 legal currency, so I think if a country's circumstances require that, I don't think it's a problem. However, all kinds of considerations must be made, because bitcoin also has a big risk because its price is unstable.

Smaller countries can also accept Bitcoin as legal tender, but many governments are not doing so because they feel they will have no control over it. Although there are more than 200 countries in the world, Bitcoin is still not legal in many countries. OP As you say El Salvador is the first country in the world to accept Bitcoin as legal tender. The Central African Republic (CAR) followed in their footsteps after El Salvador adopted Bitcoin as legal tender. After the Central African Republic accepted Bitcoin as legal tender on April 27, 2022 they were not able to sustain Bitcoin as legal tender in their country for long. As a result, just one year later on 2023, they canceled the acceptance of Bitcoin as legal tender.

However, even though El Salvador was the first country to adopt Bitcoin as legal tender, they have still managed to maintain Bitcoin as legal tender in their country mainly due to the tireless work and efforts of their country's President, Nayib Bukele. Nayib Bukele did not stop at just accepting Bitcoin as legal tender, he has implemented several important programs to make Bitcoin more popular and widespread in his country, one of which is teaching students about Bitcoin at the school level in his country. Furthermore Nayib Bukele promised his country to buy one bitcoin per day which is still continuing with the purchase of bitcoins.

Their nations and governments, central banks must make Bitcoin legal tender in their countries but at global scale, they will be challenged by IMF and other big countries. The world is still far from time when all or most countries adopt Bitcoin as legal tender for payments.

There is good achievement from El Salvador some years after they made Bitcoin legal tender and invested national treasury in Bitcoin.

The credit rating of El Salvador improved and it's good for their country.
https://tradingeconomics.com/country-list/rating
S&P Global: El Salvador 'B-' Long-Term Ratings Affirmed
Bukele Wins Big in El Salvador

That is true, don't think that a country will be progressive if they will make bitcoin as legal tender. Treat it the same as fiat, how people are using it for day to day transactions. Any country who will go into crypto doesn't mean their economy will improve outright. It still depends on their government how they are going to use the crypto market to their own advantage.

I even learnt of El Salvador citizens receiving some amounts of BTC from the government for them to use as at the first time they adopted it.
Also, Lugano signed a memorandum of understanding with El Salvador until it recently adopted cryptocurrency as part of its nations currency and for use for payment processing that includes tax payments.
In addition Brazil still uses cryptocurrency and even accept it when the citizens use it to pay their taxes too as well as they have centres where cryptocurrency can be bought and traded too.

All countries could follow and implement. Itcoun or adopt bitcoin to their transactions but the thing is how can they manage bitcoin tramsaction, how can they handle its complexity and fit it into multiple scenarios, its eqsy for a country to adopt one thing but the major problem is how will they handle the short commings and the order of that thing, for example in bitcoin if government started to accept bitcoin or any crypto currency payment, how will they handle the main problem which is the transaction fee which is we all know can be too high sometimes, and also the congested network sometimes, so what I mean is any country could adopt and fully implement bitcoin or crypto currency payment but it depends on how will they handle everything, will it be good for their country or not? It depends on the official and the government itself and the prople that will adopt the changes.

Bitcoin was created to be owned by everyone from all people who want to have it. Bitcoin is an elctronik peer-to-peer currency system. Transparent bitcoin is not difficult. Bitcoin is also used as an investment asset by most of its users.
If other small countries want to follow in the footsteps of El Salvador against Bitcoin, of course you can.


Criticized by the officials of the banking organization because they could stand negatively against the stability of the country's economy. This can be one of the challenges that will be faced. There are many more reasons that will arise for those who are cons if another small country follows in the footsteps of El Salvador.

If every year there are small countries making bitcoin a legal tender, there will be an increase in the amount of bitcoin adoption and that is very positive.

Of course it is possible, all countries even small countries, can follow El Salvador's steps to buy Bitcoin using the DCA method, but this is not easy to do, especially as each country has different political conditions. The political conditions in El Salvador are definitely very peaceful so the policy is safe for buying 1 bitcoin every month is approved but this doesn't necessarily happen in other countries, so the political conditions of each country play a big role in investing in bitcoin.

The question is, why would a government want to make BTC a legal tender, what do they stand to gain. Surely it would be great news for we bitcoiners if more countries can make BTC a legal tender, but that is not going to happen; it is decentralized and they cannot benefit from it, instead it gives their citizens a way to avoid surveillance, and since governments are anti-privacy, they would not like that.
Fix your quote, i wasn't the one who said this.

I think implementing a certain thing to be a legal tender relies solely on the government and its financial institution.  Implementing BTC as legal tender is not that hard if the government and its financial institution wanted to just like how El Salvador accept BTC as legal tender.  The only challenge is the pressure from outside force and the process of establishing the foundation of the said financial system in maintaining the effectivity of its implementation just like what happened in  CAR.

Any country as long as the government is willing can accept Bitcoin as legal transaction, after all it is the government that sets rules and policies over its jurisdiction.



It is because not every country shares the same belief as the leader of El Salvador.  Just like in my country, even though Bitcoin is legal, it is only recognized as a mode of payment and not as a legal tender.


Legal tender and legal mode of payment is two different thing, aside from El Salvador, many country also recognize Bitcon as legal mode of payment. Here is the list of countries that accept Bitcoin as legal mode of payment: https://b2binpay.com/en/countries-which-allow-cryptocurrency-as-legal-payment-method/

What El Salvador did with Bitcoin was bold, no doubt.  They took a risk.  Making Bitcoin legal currency along with the US dollar probably wasnt hugely disruptive since they have used the dollar for ages without their own currency and  the lack of a central bank or domestic currency made this transition smoother.  Still, its a pioneering move with risks.  Plenty might go wrong.

I have not seen any country apart from El Salvador that accepts Bitcoin as a legal tender, and I believe that other countries are trying to be more reasonable about it. Fine, any country may conclude to invest in an asset, it is a different ballgame, but agreeing that it becomes a legal tender goes way more. There are factors that will be considered, especially the informal nature of Bitcoin, its decentralization and the privacy tendency that could aid anonymity in a way.

This calls for strict and serious regulation even if they accept it to be their legal tender, but how many countries have the capacity to regulate a decentralised asset like Bitcoin? This is why I believe countries are avoiding it as the risk could have outweighed the benefits in terms of security, lack of control, money laundry tendency that could aid enough illegality, and the risk of its high volatility that could make it unreliable at times.

Both small and big countries can accept bitcoin as a legal tender,even if Bitcoin has not been accepted as a legal tender in most countries doesn't stop the transaction from proceeding, that's the power of decentralization.El Salvador became the first country to accept Bitcoin as a legal tender all because their government knows the value of Bitcoin.Although it stands as a challenge to those countries fighting against the use Bitcoin and crypto transaction,most especially the countries that have been promoting the adoption of Bitcoin.
Satoshi Nakamoto invented bitcoin not with the intention of it being accepted as a legal tender,I see the major reason why most countries accept Bitcoin as a legal tender is to adopt it as a method of payment and allow transactions amongst enthusiast without any form of restrictions by governments.

Do you know what, Central African Republic tried to follow in El Salvador's footsteps and did the same thing by making BTC a legal tender in their own country, it didn't last for a long time and they revoked that policy. The policy failed because of poverty in CAR, lack of electricity, internet and their limited knowledge in technology.

It is going to be hard for small and poor countries to make BTC a legal tender, in these countries people are more worried about what they are going to eat, rather than using a censorship resistant currency. Take note that even in El Salvador, a greater population of the people do not even use BTC, neither do they even really understand how it really works.

Not every country can follow the example of El Salvador, there are other structures and very difficult things such a big decision is usually only decided by single person. So if it has to be decided democratically, then I dont think it will happen. Someone has to have the courage and take full responsibility and enforce it, just like Nayib Bukele. In Europe, I think it is extremely difficult for it to happen. But one thing I am almost certain of is that EL Salvador will not be the only country in the next few years to accept Bitcoin as a legal method of payment.

Making bitcoin a legal tender would not change anything, especially in a small country from a third world country. This is because it will not add any value to the economy and the government will not have the financial power to make it easily used by the poor. Which means that it is only the rich people that will be using it. The reason why I said so is that, android phones and laptops with the internet are needed, and the youths will be the ones that might want to start using bitcoin, but the other people will prefer to use their local fiat that is easy to them for buying and selling without waiting for confirmation of transactions. If the blockchain is congested that alone can make the government and the citizens abandon bitcoin as a legal tender. It not compulsory for bitcoin to be a legal tender before it can be used in countries that did not restrict the use of cryptocurrency, so why must it be a legal tender.

It is very possible, but Bitcoin adoption is not that easy to do because El Salvador itself is also struggling to do Bitcoin adoption because of the many pros and cons that occur in society.

But look at how El Salvador is now, they are successful with bitcoin and by regularly buying bitcoin, El Salvador makes a multiplied profit.
As well as, they have bitcoin mining machines that use geothermal energy from volcanic activity.

And for other small countries it's going to be a challenge whether they can do it or not.
Because there are several challenges to do adoption such as high mortality, regulation, infrastructure for the implementation of bitcoin adoption and how the public or society responds about bitcoin adoption.  All of that will be a challenge that needs to be passed and needs to do research so that there is no failure in its application.

Actually, in today's modern era, Adoption can be done quite easily if the governments of small countries or other large countries are ready.
Crypto education is already quite extensive and of course already know what the benefits are for countries that adopt it.

Why not. That is, as long as the country's president has a concept and strategy that is ready to implement it in the country he leads, then it can be done. By the word ready, I mean that the President is aware of the pros and cons that will occur during the implementation.
Bukele, the President, is ready with all the pros and cons, but in implementing it with his attitude and commitments, El Salvador has become a country that is widely discussed positively.

There is no restriction for most countries if they wanna do what El Salvador did. Is it a challenge or a commitment?

Whatever it is, they're all free to follow it or they can work on their own terms depending on the capacity of their budgeting for purchasing BTC.

Small or big countries, as long as they're able to buy it and it's not illegal on them, they're free to do it.

Bitcoin adoption is a thing of choice and any country that is willing to embrace on adopting it can make decision for that at any time without waiting on others, this was what we had with El-Salvador when its make the decision of adopting bitcoin as a legal tender, after some time, we have Central African Republic following after, Which i believe is a developing country, what i can only advise from this is that before any country could make its conclusion on bitcoin adoption, they must have to make adequate plans ahead to enhance the suitability of the use of bitcoin among the citizens just as the Nayib Bukele Administration started with.

Regardless be it a small country or big country they can make Bitcoin as legal tender but they choose not to do and the reason is they will not have control over it which the government will never agree and moreover just one random though what if whales starts manipulating Bitcoin to the core? It will disrupt the economy.Bitcoin as a legal currency would be difficult.

After El Salvador became the first country to make Bitcoin a legal tender, another small African country, the Central African Republic (CAR), also followed the same step. The president of the country, President Faustin-Archange Touadera, assented to the law that made Bitcoin a legal tender after it was approved by the legislature.

Surprisingly, the law was repealed after a few months. The government never gave any reason for this action but I suspect that the adoption policy was not well planned. No provision for basic infrastructure that would have made the policy executable. Also, the government was not sincere because it was suspected that the government wanted to use the policy to help a country invade sanctions. But when they discovered that it would not go smoothly, they had to repeal the law. There was also a report that the government was pressured by some international lending organizations like the World Bank and IMF to repeal the law.

Any country small or big can make Bitcoin a legal tender. What they shouldn't do is have a unrealistic expectation that doing so will improve be the economy of their country and the standard of living is the citizens and they shouldn't restrict citizens to a certain platform like El Salvador did.
Sure, it will help the acceptance of Bitcoin if a top country makes it a legal tender and if it becomes popular among many countries, but that's about it.

In many countries it is already possible for businesses to accept Bitcoin as a means of payment and these are the businesses that see the value in it. Making it a legal tender means eveey business will be compelled to use it but may not see the value in it and may not get many users paying through that option.

Some information circulating shows that those (Elsavador residents) who do not have a bank account are not advised to save for at least two reasons.

First, holding cash is risky. Bitcoin wallets, however, protect savings via a password or PIN, naturally facilitating regular savings of small amounts over time.

Second, savers are rewarded by receiving interest on their money. Without this incentive there is little return on savings. Maybe that is a consideration and I think other countries if their governments support transactions using Bitcoin, it is not impossible that this will happen

we know to be the first country in the world to officially accept Bitcoin as legal tender. This was followed by the President of El Salvador, Nayib Bukele, who announced that the government would start buying 1 BTC per day on November 16 2022, but can other small countries follow in El Salvador's footsteps and what are the country's challenges in this regard? This might be a very interesting discussion to see that so many people from small countries are interested in cryptocurrency, more specifically Bitcoin