{"id":269973,"date":"2021-06-09T08:21:42","date_gmt":"2021-06-09T05:21:42","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/el-salvador-president-bitcoin-law-will-be-approved-tonight\/"},"modified":"2021-06-09T08:21:42","modified_gmt":"2021-06-09T05:21:42","slug":"el-salvador-president-bitcoin-law-will-be-approved-tonight","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/el-salvador-president-bitcoin-law-will-be-approved-tonight\/","title":{"rendered":"# El Salvador President: Bitcoin law will be approved tonight"},"content":{"rendered":"<p>&#8220;<strong># El Salvador President: Bitcoin law will be <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roved tonight <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDYvMTBjYTE2YTEtNzJlZi00ZDdjLWJjMjYtYjZmZmM2YTNlNjI1LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Nayib Bukele, the president of El Salvador says there\u2019s almost \u201ca 100% chance\u201d his bill to make Bitcoin legal tender will pass tonight.<\/p>\n<p>In a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> Spaces conversation happening now (5.20AM UTC) he said the bill was currently in debate and as his party has 64 out of 84 seats he expects he\u2019ll be signing off on the law later tonight or first thing tomorrow. <\/p>\n<p>\u201cIt goes into effect immediately,\u201d he said, clarifying the government would allow 90 days for the infrastructure to be put into place. <\/p>\n<p>He said that accepting Bitcoin would be mandatory for all businesses. \u201cThey have to take it by law,\u201d he said of merchants in the country. \u201cIf you go to Mexico they have to take your pesos.<\/p>\n<p>\u201cIn the case of El Salvador Bitcoin is going to be legal tender as (is the) US Dollar.\u201d<\/p>\n<p>The government will also be releasing an official Bitcoin wallet (however this will not be mandatory). The government intends to hold Bitcoin on its balance sheet but that will require a separate law. Permanent residency will be available for those who invest 3 BTC in El Salvador. A trust fund will be established to assume the risks of merchants who accept Bitcoin.<\/p>\n<p>The Bitcoin law was a bill submitted earlier today after Bukele tweeted that \u201cI\u2019ve just sent the Bitcoin Law to congress,\u201d and uploaded copies of the bill in Spanish and English.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">I\u2019ve just sent the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/BitcoinLaw?src=hash&amp;ref_src=twsrc%5Etfw\">#BitcoinLaw<\/a> to Congress  <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/DljnxsXlyt\">pic.twitter.com\/DljnxsXlyt<\/a><\/p>\n<p>\u2014 Nayib Bukele  (@nayibbukele) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/nayibbukele\/status\/1402446890466217985?ref_src=twsrc%5Etfw\">June 9, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\u201cThe purpose of this law is to regulate Bitcoin as unrestricted legal tender with liberating power, unlimited in any transaction, and to any title that public or private natural or legal persons require carrying out,\u201d the bill reads. <\/p>\n<p>The bill includes a list of interesting proposals such as zero capital gains tax on BTC, tax payments allowed in BTC, and economic agents \u201cmust\u201d accept BTC as payment when offered by \u201cwhoever acquires a good or service.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"es\" dir=\"ltr\">La <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Comisi%C3%B3nFinanciera?src=hash&amp;ref_src=twsrc%5Etfw\">#Comisi\u00f3nFinanciera<\/a> emite dictamen favorable a la iniciativa del Presidente de la Rep\u00fablica <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/nayibbukele?ref_src=twsrc%5Etfw\">@nayibbukele<\/a> en el sentido se apruebe la <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/LeyBitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#LeyBitcoin<\/a> que le permitir\u00e1 al pa\u00eds reconocer al <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> como moneda de curso legal. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/hPh0OfVgJB\">pic.twitter.com\/hPh0OfVgJB<\/a><\/p>\n<p>\u2014 Asamblea Legislativa (@AsambleaSV) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/AsambleaSV\/status\/1402458229959974916?ref_src=twsrc%5Etfw\">June 9, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to the bill, the state will provide the infrastructure that enables Bitcoin users to instantly convert from BTC to USD if need be. Additionally, the state will provide \u201ctraining and mechanisms\u201d to aid citizens unfamiliar with Bitcoin \u2014 as many will need to learn how to use the digital asset. <\/p>\n<p>Interestingly, following Bukele\u2019s latest announcement, he changed his Twitter profile picture to one that features blue laser eyes, as opposed to the red onesusually found in the iconic crypto meme. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"und\" dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/NewProfilePic?src=hash&amp;ref_src=twsrc%5Etfw\">#NewProfilePic<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/StGY0ctyk0\">pic.twitter.com\/StGY0ctyk0<\/a><\/p>\n<p>\u2014 Nayib Bukele  (@nayibbukele) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/nayibbukele\/status\/1402444423728873477?ref_src=twsrc%5Etfw\">June 9, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Bukele\u2019s progressive crypto move has sparked enthusiasm from a number of politicians throughout Latin America, who have either touted crypto proposals of their own or donned red laser eyes in support of crypto. <\/p>\n<p>On June 7, Paraguayan congressman, Carlitos Rejala posted laser eyes and promised a Bitcoin announcement later this week. <\/p>\n<p>The following day Mexican senator Eduardo Murat Hinojosa revealed he plans on \u201c\u201cpromoting and proposing a legal framework for crypto coins in Mexico&#8217;s lower house.\u201d <\/p>\n<p>While Gabriel Silva, a Panamanian congressman also stated plans to submit a pro-crypto bill that same day. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The president of El Salvador <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/nayibbukele?ref_src=twsrc%5Etfw\">@nayibbukele<\/a> is on Twitter spaces right talking about the Bitcoin bill that&#8217;s about to pass<\/p>\n<p>The government is going to create a Bitcoin wallet for merchants (opt-in, can use any wallet)<\/p>\n<p>Accepting Bitcoin is a mandate by law<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/He2u1HQiXN\">https:\/\/t.co\/He2u1HQiXN<\/a><\/p>\n<p>\u2014 ChainLinkGod.eth 2.0 (@ChainLinkGod) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ChainLinkGod\/status\/1402490021454790656?ref_src=twsrc%5Etfw\">June 9, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/el-salvador-president-bitcoin-law-will-be-approved-tonight\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# El Salvador President: Bitcoin law will be approved tonight &#8221; Nayib Bukele, the president of El Salvador says there\u2019s almost \u201ca 100% chance\u201d his bill to make Bitcoin legal tender will pass tonight. In a Twitter Spaces conversation happening now (5.20AM UTC) he said the bill was currently in debate and as his party&#8230;<\/p>\n","protected":false},"author":1,"featured_media":269974,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDYvMTBjYTE2YTEtNzJlZi00ZDdjLWJjMjYtYjZmZmM2YTNlNjI1LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74858,74863,76853,70934,10401],"class_list":["post-269973","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin-regulation","tag-cryptocurrencies","tag-latin-america","tag-regulation","tag-twitter"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/269973","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=269973"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/269973\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/269974"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=269973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=269973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=269973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}