President of El Salvador Says He’s Submitting Bill to Make Bitcoin Legal Tender – CoinDesk – CoinDesk
El Salvador is developing a bill to recognize bitcoin as legal tender, according to President Nayib Bukele. In a videotaped announcement shown Saturday, he said he will submit the bill next week.
Zap’s Jack Mallers announced the news at the Bitcoin 2021 conference in Miami. He said his company is working with Bukele to implement a plan.
The bill must still be reviewed by the country’s legislative assembly. But with the populist Bukeles upstart political party in firm control of that body, approval…
