Two years ago, El Salvador became the first country to issue a law adopting Bitcoin as legal tender in its territory. The controversial decision began a new era for the country’s economic trajectory, which international authorities have questioned.
Bitcoin Helps El Salvador Rise From The Economic Ashes?
Felix Ulloa, Vice President of El Salvador, recently shared new details about the country’s progress with the Bitcoin Law following its second anniversary. The interview was published by Forbes and conducted by Javier Bastardo and touched on several key and controversial points.
Since introducing the “Bitcoin law,” the country has launched several initiatives to attract fresh capital and tourists to El Salvador. First, the central government announced “BTC Bonds,” a financial instrument to tie its national debt to the cryptocurrency.
This strategy managed to gain the attention of the US financial sector. Data from the report indicates that some Wall Street firms jumping into
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