El Salvador is developing a bill to make a bitcoin as legal tender, according to President Nayib Bukele. In a videotaped announcement shown Saturday, he said he will submit the bill next week.
Jack Mallers the founder of ZAP announced the news at the Bitcoin 2021 conference in Miami. He said his company is working with Bukele to implement a plan.
The bill must still be reviewed by the country’s legislative assembly. But with the populist Bukele’s upstart political party in firm control of that body, approval seemed all but assured Saturday afternoon.
The legislative assembly of El Salvador is going to review the bill. But with the populist Bukele’s upstart political party in firm control of that body, approval seemed all but assured Saturday afternoon.
El Salvador will be the first nation to adopt the bitcoin standard after bill's approval. Its full text was not immediately available.
Did El Salvador become the first nation to adopt the bitcoin ? What is your point of view on this ?
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