A majority of lawmakers have approved a proposal from Salvadorian President Nayib Bukele that will allow bitcoin to be used as legal tender in the country alongside the US dollar. The law states that"all economic agents shall accept bitcoin as a form of payment when it is offered by the purchaser of a good or service." It also says that tax payments can now be made in bitcoin.Bukele, 39, is a right-wing populist who rose to power in 2019.
Bitcoin, for example, crashed by more than half its value earlier this year after rocketing to a record high above $60,000. Other, more thinly traded cryptocurrencies are even more volatile, trading up and down like seesaws — often based on speculation or meme tweets from Tesla CEO Elon Musk.
This is a TERRIBLE idea
Snake oil. These “coins” are worthless, if they ever existed.
Is there anyone else besides me that hasn’t looked into bitcoin, knows nothing about it and doesn’t intend to?
It begins.... calling all countries who want financial independence and are in fear of a loosing depreciating currency..... get Bitcoin now!
Very smart 🤝👏👏👏👏
Why would you do that with fake money?
Lol adopting a super volatile currency that you can’t control? What could go wrong?
elonmusk
Right cause anybody in El Salvador can afford the $40000 per coin.
God Bless El Salvador YourAnonCentral OpCanary keep note.
Why not .. their currency is worthless.
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El Salvador Makes History As World’s First Country To Make Bitcoin Legal TenderI am a London-based reporter for Forbes covering breaking news. Previously, I have worked as a reporter for a specialist legal publication covering big data and as a freelance journalist and policy analyst covering science, tech and health. I have a master’s degree in Biological Natural Sciences and a master’s degree in the History and Philosophy of Science from the University of Cambridge. Follow me on Twitter theroberthart or email me at rhartforbes.com Scary History created, others will follow. Since only the president, his family, friends and entourage can have them, what a great idea. Is it not the poorest country in the world with the highest per capita murders!? Lol. Sure everyone that is corrupt in El Salvador is thrilled with the policy
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El Salvador becomes first country to adopt bitcoin as legal tender after passing lawLawmakers in the Central American country's Congress voted by a 'supermajority' in favor of the Bitcoin Law. tweet_stamp stamp Bwahaha Japan did it in 2017, El Salvador is the 2⁰ country to adopt Bitcoin as legal tender.
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El Salvador is one step closer to making bitcoin legal tender after proposing new lawIf approved by the legislative body, El Salvador would become the first nation in the world to give the bitcoin the status of legal tender. nice hair el salvador has chosen freedom for its people. tic tac rest of the world
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