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Wednesday

23 June 2021

Why Bitcoin Declared Legal Tender Could Have Major Implications Beyond El Salvador

Why Bitcoin Declared Legal Tender Could Have Major Implications Beyond El Salvador


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Why Bitcoin Declared Legal Tender Could Have Major Implications.

Bukele claims that by adopting BTC, 1 million low-income families will benefit and will increase their incomes “in the equivalent of billions of dollars every year”.

Many wondered how much it will take for other Heads of State to notice the benefit of the Bitcoin Standard.

She added that:.

This means that BTC can be added to corporate treasuries without a company having to face “punitive accounting”.

BTC could be treated as any other foreign currency.

Long added that the cryptocurrency could be treated as money and explained:

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