El Salvador’s Bitcoin Law – Benefits And Criticisms Of BTC’s Nation-State Debut

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China’s regulatory actions toward Bitcoin mining have opened the door for other countries — such as the United States — to garner a significantly stronger foothold in the competitive industry. On June 8, the Republic of El Salvador made history by becoming the first nation to pass legislation to make BTC legal tender. Just days later, he introduced the bitcoin law to the nation’s legislature. Moreover, facing a question during the Twitter Spaces conversation about whether the government had considered supporting BTC mining, Bukele revealed the nation’s untapped, surplus geothermal energy reser…

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