Expected News from El Salvador: Bitcoin Law Has Been Approved!
The bill announced by El Salvador’s President Nayib Bukele recently was accepted today.
Expected news from El Salvador: Bitcoin law has been approved. President of El Salvador Nayib Bukele sent a video message to the Bitcoin 2021 event last weekend and announced the Bitcoin law. This news had a great impact in the cryptocurrency world.
Draft Law Approved in Parliament
The bill of interest passed the parliament this morning. The bill, which received 60 out of 84 votes, was officially accepted in the country. With the publication of the said law in the Official Gazette, Bitcoin will now be accepted as the national currency.
The official acceptance of Bitcoin along with the US dollar in El Salvador is interpreted as a very important move for cryptocurrencies.
Bukele Said Even 1 Percent Could Increase GNP by 25 Percent
President Bukele said that even if only 1% of this money comes to El Salvador as an investment, this could increase the country’s Gross National Product by 25%.