Business

El Salvador's president says will send bill to make bitcoin legal tender

El Salvador President Nayib Bukele speaks during a news conference in San Salvador, El Salvador, June 6, 2021. REUTERS/Jose Cabezas

06 Jun 2021 06:25AM (Updated: 06 Jun 2021 06:29AM)

Bookmark

MEXICO CITY: El Salvador's President Nayib Bukele said on Saturday (Jun 6) that he will send to Congress a bill next week to make bitcoin legal tender in the country.

"In the short term this will generate jobs and help provide financial inclusion to thousands outside the formal economy," Bukele said in a video presented at the bitcoin 2021 conference in Miami.

Source: Reuters