El Salvador President Nayib Bukele announces plan to adopt Bitcoin as legal tender – ABC News
El Salvador President Nayib Bukele has announced a proposal to make Bitcoin cryptocurrency legal tender in the Central American nation.
- If implemented, El Salvador would become the first nation in the world to officially adopt Bitcoin as legal tender
- The President’s party has a supermajority in Congress, meaning the motion is likely to pass
- Mr Bukele says Bitcoin could be the fastest-growing way to transfer remittances, a large part of the country’s economy
The 39-year-old president, who has maintained…
