Quote from: Leviathan.007 on June 09, 2021, 07:54:18 AM

As we reported a few days ago, the President of El Salvador, Nayib Bukele, announced during the Miami Conference that the country intends to accept bitcoin as a currency in the country. Now the 39-year-old has added to the appeal of his proposal on Sunday with his new remarks on Twitter. Bukele announced in his latest tweet that:
"The government will immediately grant permanent residency to crypto entrepreneurs."
Today, his proposal was approved by 62 official members of parliament against 19 votes against. Explaining the bill, Bukele added that the country is also proposing a new law to parliament that would allow anyone with a 3-bitcoin investment in the El Salvadorian economy to obtain permanent residency.
It is interesting to know that the official currency of El Salvador is the US dollar. About a quarter of El Salvadorians live in the United States, and last year they sent more than $ 6 billion in remittances despite the Corona epidemic.
Nayib Bukele acknowledged that the move was aimed at creating jobs and providing employment opportunities for thousands of people who now operate outside the country's legal economy. He noted that 70 percent of the population now does not have a bank account and operates in an informal economy.

Source: Yahoo News

Anyone from El Salvador can give any feedback about living costs and living situation in this country?

I think even those Miners from China that had been reportedly banned are now planning to migrate in El Salvador as it is now a sanctuary for all Bitcoin users and beneficiaries worldwide.
though i Hear that also the State of Miami is thinking of the same action now towards favoring the Bitcoin mining .

Quote from: macson on June 27, 2021, 11:32:20 PM

Quote from: laredo7mm on June 09, 2021, 04:33:16 PM

It's just the start-up. I saw some other politicians are also supporting bitcoin as legal tender and they want to propose a bill about it. This is a significant moment in the crypto industry and shows the bright future of crypto. Others will follow up soon for not being so late in the adoption. A courageous decision for country leaders around the world.

Being the first country in the world to try to make Bitcoin a legal tender was not an easy decision, Of course there will be politicians who oppose. but if this program is a huge success in El Salvador, investors' money goes into El Salvador and makes the economy skyrocket then other countries will surely follow them quickly.

there is also a country that lets Bitcoin to be in their Stock market and i believe that it is Bulgaria?