El Salvador’s authorities have passed a law that equates the Bitcoin cryptocurrency to official means of payment. Within three months, an infrastructure will be created in this country that will allow accepting such payments.
This information has been officially confirmed This was reported on Twitter of the Parliament. El Salvador’s Legislative Assembly consists of 84 MPs, 62 of whom voted to make Bitcoin the legal currency in the country.
El Salvador’s President Nayib Armando Bukele just a few days ago announced his intentions to propose a bill that would make Bitcoin legal tender alongside the US dollar. Now he has confirmed that he will sign the document in the near future, after which it will enter into force. The head of state added that the cryptocurrency will be legal tender along with the US dollar.
As we reported yesterday, the price of the world’s most popular cryptocurrency dropped by 10% per day. At the moment, Bitcoin has won back positions and is trading near the $ 34 thousand mark.
Jurrien Timmer, head of macroeconomic research at Fidelity Investments, said that the price of the most popular cryptocurrency could drop to $ 30,000 or even $ 23,000.