El Salvador plans to use volcanic power to mine Bitcoin, the latest unexpected twist as the country makes the cryptocurrency a parallel legal tender. While El
El Salvador s president explains IMF plans with Bitcoin
El Salvador s president explains IMF plans with Bitcoin
10 de junio de 2021, 7:27San Salvador, Jun 10 (Prensa Latina) El Salvador s President Nayib Bukele meets on Thursday with representatives of the International Monetary Fund (IMF) to explain the impact of the recent legalization of Bitcoin in this country.
The meeting takes place just two days after the Legislative Assembly of El Salvador approved the use of Bitcoin as legal tender, and while the government negotiates a $1.3 billion loan with the IMF.
The head of State admitted, however, that he must convince the international financial sector of the benefits of the so-called Bitcoin Law, approved by the ruling majority only three days after Bukele proposed it.
El Salvador won t be alone in adopting bitcoin it-online.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from it-online.co.za Daily Mail and Mail on Sunday newspapers.
Bitcoin To Rival US Dollar As A Free-Use Currency With Historic First Legal Tender
In a historic first for cryptocurrencies, the Legislative Assembly of El Salvador has officially registered the much-anticipated Bitcoin bill into law, giving Bitcoin the status of legal tender for day-to-day transactions and government expenditure.
Termed the “Bitcoin Law”. the new bill received 62 votes at today’s session of the El Salvador Legislative Assembly, almost 2 hours after the South American country’s President, Nayib Bukele, announced that he had introduced a draft of the bill to the Assembly for consideration.
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With the new BTC regulation, El Salvador is the first country to recognize Bitcoin as a legal tender, a feat that also puts the world-famous cryptocurrency on par with the U.S. dollar as a currency of free use and mandatory acceptance throughout the Salvadorian country.