The Central American country is the first nation in the world to accept Bitcoin as a form of payment.The so-called"Bitcoin Law" was originally proposed by President Nayib Bukele and passed the nation's legislative body with a majority of votes .Bitcoin banners are seen outside of a small restaurant at El Zonte Beach in Chiltiupan, El Salvador June 8, 2021.
MORE: Cryptocurrencies including Bitcoin plunge amid China clampdown fears, fallout from Tesla's U-turn The law notes that some 70% of the nation's population does not have access to traditional financial services, and paints bitcoin as a tool for democratizing wealth in the nation of about 6.4 million.
JDoza1 Global currency
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
El Salvador Becomes First Country to Approve Bitcoin as Legal TenderThe country’s president says the move will bring inclusion to Salvadorans who don’t have access to financial services, but analysts warn of economic risks from bitcoin’s extreme volatility. Joking right? Couple of months ago I came across a recommendation about Jacobsongreg93 wealth how he helped investors to earn lots of money with their investments. and I decided to give a trial with the little I have. Now my little has turned into something great which was not my expectation It's El Salvador! Criminals, drug dealers, hackers, dictators rejoice!
Source: WSJ - 🏆 98. / 63 Read more »
At El Salvador's Bitcoin Beach, a glimpse of crypto economyEL ZONTE, El Salvador (AP) — After El Salvador’s congress made the bitcoin legal tender this week, eyes turned to this rural fishing village on the Pacific coast. Known to surfers for its pounding waves, El Zonte has had the cryptocurrency in its economy for the past year. guess i wont 2 put mones in the vest in the in crupts culrency XD move to south areicima n git rich XD I owe you an apology to ever doubt your sincerity and professionalism. It’s was just like a dream to me when I received my first payment. After my second payment it became a reality now after several payments it has become a way of life. Jonas_claw_ NateDowntown
Source: AP - 🏆 728. / 51 Read more »
Explainer: El Salvador's bitcoin push: What does it mean for cryptocurrency?El Salvador has become the first country in the world to adopt bitcoin as legal tender, with President Nayib Bukele touting its use for its potential to help Salvadorans living abroad to send remittances back home. RosannaPhilpott tomwilson1983 this is terrible news RosannaPhilpott tomwilson1983 It means the dollar’s position as the worlds reserves currency is under threat. Which means, Bitcoin will soon be regulated to death. RosannaPhilpott tomwilson1983 Nuts! One of the most dangerous countries to live in adopts crypto. This will only enable further kidnappings
Source: Reuters - 🏆 2. / 97 Read more »
El Chapo’s Wife Pleads Guilty To Helping Run Her Husband’s Billion-Dollar Drug CartelI am a Texas native covering breaking news out of New York City. Previously, I was an editorial assistant at the Forbes London bureau. Koolie_T mr_jettlife this is terrible news Looking nice
Source: Forbes - 🏆 394. / 53 Read more »
Johnson: El G7 donará 1.000 millones de dosis contra COVID-19Estados Unidos aportará 500 millones y Gran Bretaña 100 millones, mientras el presidente Joe Biden exhorta a sus aliados a que se unan para acelerar el fin de la pandemia y reforzar la posición estratégica de las democracias más ricas del orbe
Source: latimes - 🏆 11. / 82 Read more »
Wife Of 'El Chapo' Pleads Guilty To Helping Run Multibillion-Dollar Drug EmpireEmma Coronel Aispuro, 31, admitted three federal offenses as part of a plea deal.
Source: HuffPostWomen - 🏆 27. / 68 Read more »