Bitcoin goes legal TENDER !!!

El Salvador President Nayib Bukele via video at Bitcoin 2021 announced the legalization of #Bitcoin as #legaltender in El Salvador

Bukele: “In order to mitigate the negative impact from central banks, it becomes necessary to authorize the circulation of a digital currency with the supply that cannot be controlled by any central bank”

WOW !!! - What could we observe in the last weeks in terms of governmental measures against Bitcoin - the whole arsenal (more to it see in comments), from bans (e.g. China, Turkey), #cryptoregulations and their announcements (e.g. EU, India), #taxation (e.g. South Korea) or simple warnings (e.g. U.S.) ... the whole arsenal? Not quite: Its legalization was under our radar

El Salvador, as the FIRST COUNTRY, is about to turn a private #cryptocurrency into an OFFICIAL DIGITAL STATE CURRENCY while maintaining the underlying idea of Bitcoin #disintermediation (in contrast to other state's attempts to control payments via #CBDC projects) !!! #satoshinakamoto might have his laugh.

Soon, el salvadorans may purchase their pupusas at every shop in their country with Bitcoin ... all off them also the #unbanked ones.

The fight private versus state cryptos has now reached a new level


Exiting times, more to come, stay tuned ...

Write a comment

Comments: 0