Revolutionizing The Adoption Of Bitcoin

In an interview during Bitcoin 2021 conference in Miami, El Salvador President Nayib Bukele announces it will propose a bill to the congress to recognize Bitcoin as a legal form of money in the country.

The President further said the central bank will hold reserves in bitcoin and will allow its residents to openly transact with the leading cryptocurrency.

If the bill pushes through,El Salvador will be the first country to adopt bitcoin legally alongside fiat currency.

This news will gain a massive effect for bitcoin for being a form of payment method and a store of value.

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