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Bitcoin to Become Legal Tender in El Salvador, President Says at Cryptocurrency Event
On 6/5/21 at 7:24 PM EDT
El Salvador is likely to become the first country to adopt bitcoin as a legal tender after a groundbreaking announcement on Saturday.
The president of El Salvador, Nayib Bukele, announced at the Bitcoin 2021 conference in Miami that the country of El Salvador has partnered with Strike, a digital wallet company, to begin turning the financial infrastructure of the country to Bitcoin technology, reported CNBC.
Bukele will reportedly submit a bill next week, which will still have to be passed by the country s legislative assembly.
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