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IMF Loan Not Threatened by Salvadoran Bitcoin Adoption, Says Central Banker

IMF Loan Not Threatened by Salvadoran Bitcoin Adoption, Says Central Banker
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El Salvador President Says Nation Adopts Bitcoin as Leg

Word Count: 291 Bukele, Latin America’s youngest president who’s known to break from the norms, said on Twitter lawmakers approved the legislation by a “supermajority.” The 39-year-old leader has previously said that Bitcoin could boost the economy, help counter El Salvador’s low banking penetration rate and facilitate faster transfers for $6 billion of remittances a year. The move to make the virtual coin legal tender is a rare slice of good news for the largest cryptocurrency, which is struggling to recover from a rout in May. El Salvador’s central bank President Douglas Rodriguez said in an interview with state TV on Tuesday that Bitcoin is already used in the country and “it’s not something people need to be afraid of,” while adding it won’t replace the U.S. dollar.

United statesEl salvadorSunil jagtianiNayib bukeleElon muskDouglas rodriguezEduard gismatullinPresident nayib bukeleLatin americaPresident douglas rodriguezBloomberg galaxy crypto indexஒன்றுபட்டது மாநிலங்களில்எல் சால்வடார்நயீப் புக்கேளேடக்ளஸ் ரோட்ரிக்ஸ்ப்ரெஸிடெஂட் நயீப் புக்கேளே

El Salvador has adopted Bitcoin as legal tender, president says

SOPA Images/Getty Images El Salvador’s President Nayib Bukele said the nation has adopted Bitcoin as legal tender, a step he believes will create jobs and promote financial inclusion. Bukele, Latin America’s youngest president who’s known to break from the norms, said on Twitter lawmakers approved the legislation by a supermajority . The #BitcoinLaw has been approved by a supermajority in the Salvadoran Congress. 62 out of 84 votes! The 39-year-old leader has previously said that Bitcoin could boost the economy, help counter El Salvador’s low banking penetration rate and facilitate faster transfers for $6 billion of remittances a year. The move to make the virtual coin legal tender is a rare slice of good news for the largest cryptocurrency, which is struggling to recover from a rout in May.

United statesEl salvadorNayib bukeleDouglas rodriguezSalvadoran congressLatin americaPresident douglas rodriguezஒன்றுபட்டது மாநிலங்களில்எல் சால்வடார்நயீப் புக்கேளேடக்ளஸ் ரோட்ரிக்ஸ்சால்வடோரன் காங்கிரஸ்லத்தீன் அமெரிக்கா

El Salvador becomes first country to adopt Bitcoin as legal tender

El Salvador’s President Nayib Bukele said the nation has adopted Bitcoin as legal tender, a step he believes will create jobs and promote financial inclusion. Bukele, Latin America’s youngest president who’s known to break from the norms, said on Twitter lawmakers approved the legislation by a “supermajority.” The 39-year-old leader has previously said that Bitcoin could boost the economy, help counter El Salvador’s low banking penetration rate and facilitate faster transfers for $6 billion of remittances a year. The move to make the virtual coin legal tender is a rare slice of good news for the largest cryptocurrency, which is struggling to recover from a rout in May.

United statesEl salvadorNayib bukeleElon muskDouglas rodriguezPresident nayib bukeleLatin americaPresident douglas rodriguezBloomberg galaxy crypto indexFinancial inclusionBoost economyElon muskஒன்றுபட்டது மாநிலங்களில்எல் சால்வடார்நயீப் புக்கேளேடக்ளஸ் ரோட்ரிக்ஸ்