Bitcoin Adoption Accelerates As El Salvador Passes Monumental Law

Bitcoin Adoption Accelerates As El Salvador Passes Monumental Law


El Salvador has made history, becoming the first country in the world to officially adopt Bitcoin as legal tender after Congress approved President Nayib Bukele’s bill.

Early Wednesday morning, a supermajority of the El Salvador legislature voted to pass President Nayib Bukele’s proposal to make Bitcoin a legal currency. Of 84 possible votes, 62 lawmakers voted in favor of the bill, while 19 opposed and three did not vote. 

The #BitcoinLaw has been approved by a supermajority in the Salvadoran Congress.

62 out of 84 votes!

Trending: 56-Year Old Greek Woman Passes Away Within Minutes of Receiving 2nd Dose of Experimental Pfizer COVID-19 Jab

History! #Btc

— Nayib Bukele (@nayibbukele) June 9, 2021

Following the announcement, Bitcoin rebounded over 17% from its recent $31,000 low to over $36,500 at time of writing.

 

Bukele has been an outspoken advocate for Bitcoin since announcing the proposal on Saturday. He hopes that the cryptocurrency will bring financial inclusion, investment, tourism, innovation, and economic development to the nation. 

On Tuesday, he tweeted screenshots of the bill just

Continue reading

You Might Like

Daily Truth Report • DailyTruthReport.com
Thanks for sharing!
Send this to a friend