El Salvador Congress approved a proposal to embrace the cryptocurrency despite concern about the potential impact on its program with the IMF. Legislators believe decision will potential to help Salvadorans living abroad to send remittances back home. In practice, El Salvador does not have its own currency. President also has said that El Salvador would offer citizenship to people who showed evidence they had invested in at least three bitcoins. (as per Reuters).
Despite recent slides of the Bitcoin, El Salvador became the first country in the world to adopt bitcoin as legal tender
InternationalJun 10, 2021