The Salvadora Congress, which the majority supported Bitcoin, voted to change six articles and cancel three more of BTC. Bitcoin continues to be a “legal payment tool in the country, but it was impossible to overcome the use of the asset before, although its use is optional.
Companies can now choose whether to accept Bitcoin without forcibly government measures. The state also stops receiving Bitcoin as the payment of taxes and debts, and also reduces investments in the state -backed cryptocracy.
The Gizmodo Portal remembered that Salvador had completely switched to Bitcoin in 2021, and President Nayib Bukel said, “He planned to use crypto money to develop the economy.” It also aimed to build an entire city around the volcano using geothermal energy for crypto currency mining.
Source: Ferra
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