Nayib Bukele was re-elected as President of El Salvadorhttps://www.talkimg.com/images/2024/02/05/vMSwf.jpegPresidential elections were held in El Salvador on February 4. Whereas El Salvador's Bitcoin President Nayib Bukele was declared the winner by popular vote before the electoral body announced the results.
In El Salvador's presidential election, Nayib Bukele received over 85% of the vote and won at least 58 of their 60 assembly deputies. According to CID Gallup exit poll data, 87% of people voted for Nayib Bukele.
https://www.talkimg.com/images/2024/02/05/vMXOq.jpegCID GallupNayib Bukele is a popular man in Salvador who first adopted Bitcoin as legal tender in his country in 2021 after it was declared legal tender.
Felix Ulloa, Vice President of Nayib Bukele, said that they will maintain Bitcoin as legal tender after the re-election of the government in El Salvador.
Details El Salvador has been made Legislative Assembly approved a bill proposed by President recognize Bitcoin as legal currency alongside the US dollar.The law mandatory that all businesses in the country must accept bitcoin as a form of payment but the government has also provided mechanisms for converting bitcoin to usd instantly if they needed. They has launched the chivo wallet that government-backed digital wallet to facilitated Bitcoin transactions and provided citizens with $30 worth of its upon registration.
significant international attention and debate regarding the potential implications, benefits and risks associated with using bitcoin as legal tender in a national economy.
