El Salvador President Nayib Bukele announced in a recorded message played at a Bitcoin conference in Miami that next week he will send proposed legislation to the country's congress that would make the cryptocurrency legal tender in the Central American nation. “Next week, I will send to Congress a bill that will make Bitcoin a legal tender in El Salvador," Bukele said. He also said 70 per cent of El Salvador's population does not have a bank account and works in the informal economy. Last month, the White House Special Envoy for the Northern Triangle Ricardo Zúñiga said during a visit to El Salvador that the US government would like to see El Salvador reverse the moves against the court and the attorney general. Bukele's concentration of power, attacks on critics and open disdain for checks on his power have raised concerns about El Salvador's path.

Source: Stuff June 06, 2021 08:03 UTC