“Next week I will send to Congress a bill that will make Bitcoin a legal tender in El Salvador," Bukele said. The U.S. dollar is El Salvador's official currency. About one quarter of El Salvador's citizens live in the United States and last year, despite the pandemic, they sent home more than $6 billion in remittances. He also said 70% 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 U.S. government would like to see El Salvador reverse the moves against the court and the attorney general.

Source: Mint June 06, 2021 05:15 UTC