https://www.crypto-news-flash.com/breaking-news-taiwan-to-recognize-bitcoin-as-legal-tender/ Will they follow in El Salvador's footsteps?
and take a look of how el Salvador is coping…. Surely Russians will be flooding their tourism this year…
https://cointelegraph.com/news/bitc...singapore-of-the-americas-says-vaneck-advisor Other than the IMF pressuring them to revoke legal tender status for Bitcoin, they seem to be doing OK. There were plenty of media articles about El Salvador's Bitcoin holdings being underwater when Bitcoin was sub $30K. I haven't seen any articles on their Bitcoin investment since the recent move to ~$34-35K. I wonder if we'll see any should Bitcoin rise back to $60K or even higher.
This CoinGeek report on the Taiwan proposal doesn't mention anything about making Bitcoin legal tender: https://coingeek.com/taiwan-digital-asset-bill-passes-first-reading-in-parliament/ I suspect the article referenced in the OP may have misrepresented the issue.