El Salvador’s Bukele to propose making bitcoin legal tender

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El Salvador may become the first country to make bitcoin legal tender, President Nayid Bukele announced Saturday, saying he would soon propose a bill that could transform the remittance-dependent economy. The move would make the Central American nation the first in the world to formally accept the cryptocurrency as legal money and would “allow the financial inclusion of thousands of people who are outside the legal economy,” Bukele said. “Next week, I will send to Congress a bill that makes Bitcoin legal money,” the populist leader said during a video message to the Bitcoin 2021 conference in …

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