Post
Topic
Board Bitcoin Discussion
Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻
by
bbc.reporter
on 06/06/2021, 06:45:14 UTC
Quote
President of El Salvador, Nayib Bukele: "Next week I will send to congress a bill that will make #bitcoin a legal tender."

https://twitter.com/BitcoinMagazine/status/1401279550538108933?s=19

Wow, that's amazing news!

I am impressed.

However, that is not done yet. President must submit it to congress, and the Congress may approve it or not! Anyway, amazing news and a big step for bitcoin!

Looks like it will be most likely approved:

Quote
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.
https://www.coindesk.com/president-of-el-salvador-says-hes-submitting-bill-to-make-bitcoin-legal-tender

Agreed. It might depend on how much political influence Bukele’s political party has on congress. It might be good to know which political party Bukele belongs, does his political party have the majority in congress and what type of political system do they have. Is it a 2 party system or a multiparty system?

However, this might be good if the bill is signed and passed into law. It will be the first experiment on bitcoin as an adopted currency. All larps and criticisms will be proven correct or wrong.