Weekend – President of El Salvador wants to make Bitcoin legal tender

Weekend – President of El Salvador wants to make Bitcoin legal tender

El Salvador may make the cryptocurrency a legal means of exchange, would become the first country to do so. 

President Nayid Bukele made the announcement on Saturday, proposing legislation to formally 

  • “Next week, I will send to Congress a bill that makes Bitcoin legal money”
  • this would “allow the financial inclusion of thousands of people who are outside the legal economy”

Bukele was speaking at the Bitcoin 2021 conference in Miami, Florida via a video message.

  • El Salvador government is yet to give details of the bill
  • will require approval from a parliament dominated by the president’s allies
El Salvador may make the cryptocurrency a legal means of exchange, would become the first country to do so. 

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