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El Salvador is looking to introduce legislation that will make it the world’s first sovereign nation to adopt Bitcoin as legal tender, alongside the U.S. dollar.
In a video broadcast to Bitcoin 2021, a multiday conference in Miami being billed as the biggest BTC event in history, President Nayib Bukele announced El Salvador’s partnership with digital wallet company, Strike, to build the country’s modern financial infrastructure using bitcoin technology.
“Next week I will send to congress a bill that will make bitcoin a legal tender,” said Bukele.
In other trending Bitcoin News today: Bitcoin Sell-Offs Are Deliberate, Hallmarks of Institutional Buying, Says PlanB! The first analyst to apply the stock-to-flow model to Bitcoin says that institutions are deliberately pushing the Bitcoin price down in an effort to accumulate cheap BTC.
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