Thread by @WhalePanda

There will be a government wallet for their merchants, because everyone has to be able to accept it.
For accounting purposes, balance sheets for example will obviously still be in reported in USD.
You can pay back loans in Bitcoin, even pre-existing loans.

The bill will be signed by the president either this evening or tomorrow morning and will go into effect immediately.
There will be 90 days of preparation to get the infrastructure ready. Because obviously not everyone can start accepting it tomorrow.

If merchants and citizens don't want to keep their #Bitcoin the government will convert it to dollars for them, so effectively it's like a payment processor where you can decide to keep it in BTC or receive the USD.

The president is talking about a residency scheme for Bitcoiners, which will be denominated in Bitcoin.
It's like a residency real estate investment program that many countries have, however in this case it will be like for example that you need to invest 3 Bitcoin in real estate

They have a meeting with the IMF on Thursday.
Should be interesting.

The president clarifies that you can use any wallet that you want, the government is just going to provide one for the people who don't have the necessary know-how.
This will developed by Strike

We just want to use Bitcoin, the wallet is just part of the infrastructure plan, same with connectivity for example.

Financial inclusion is going to need some government investment, so we're going to make that investment