According to the video broadcast on Saturday (June 5), Bukele noted that he would send the bill to Congress this week. And if the bill eventually scales through, El Salvador will become the first country in the world to adopt Bitcoin as a legal tender.
During his speech, Bukele said that central banks were increasingly taking actions that could affect the economic stability of his country. Although he did not give enough details on how the plan will pan out, he said that in the short term, it would create more jobs and provide financial inclusion to thousands of people in El Salvador.
Source: Cryptocurrency - investing.com
