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Ground News - El Salvador becomes first country to adopt bitcoin as legal tender after passing law


History! : El Salvadore to become first country to adopt bitcoin as legal tender after vote
El Salvador s legislature voted late Tuesday to make bitcoin legal tender.Get market news worthy of your time with Axios Markets. Subscribe for free.Why it matters: El Salvador will become the first country to formally adopt the digital currency once President Nayib Bukele signs the legislation into law. Bukele, who pushed for the legislation, hailed the passage of the bill by declaring in a Twitter post History! The #BitcoinLaw has been approv…
2 hours ago|Los Angeles, United States ....

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El Salvador lures bitcoin fans while Salvadorans seek asylum — Quartz


1 minute ago
Within 24 hours, cryptocurrency devotees on Twitter were claiming San Salvador as the world’s next big tech hub. Hours after Bukele announced El Salvador would be the first country to accept bitcoin payments for all government business, Justin Sun, founder of the cryptocurrency platform TRON, predicted “crypto investors and entrepreneurs” will move to El Salvador en masse. The country’s president, a former businessman, responded with his own pitch for bitcoin enthusiasts to immigrate to El Salvador citing tax savings, surfing beaches, and lax immigration requirements.
 
Divergent realities on the ground
Crypto investors’ enthusiasm for moving to El Salvador reflects a broader trend in the tech world. In recent years, a subset of Silicon Valley’s tech workers have declared themselves ready to abandon the Bay Area and other high-cost US metropolises citing high taxes, scrutiny from local politicians, and hostility from residents who blame th ....

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