If approved by the legislative body, El Salvador would become the first nation in the world to give the bitcoin the status of legal tender.
Nayib Bukele, the president of El Salvador, has sent a law to the country's congress proposing to make bitcoin legal tender.
The Bitcoin Law, if passed, would allow prices to be shown in bitcoin, tax contributions to be paid with the digital currency, and exchanges in bitcoin will not be subject to capital gains tax.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
El Salvador propondrá el bitcoin como moneda de curso legalEl presidente Nayib Bukele, que mantiene una tasa de popularidad por encima del 90%, lo describió como una idea que podría contribuir al progreso de El Salvador
Read more »
OPINIÓN: El cambio climático está exacerbando la migración y Estados Unidos debe predicar con el ejemploCentroamérica es una de las áreas más afectadas por el cambio climático, lo que ha incrementado las cifras de migración a Estados Unidos.
Read more »
El Salvador to keep dollar as legal tender, make bitcoin optional -trade ministerThe U.S. dollar will continue to be legal tender in El Salvador with bitcoin transactions by choice only, the nation's top trade official said on Monday, after President Nayib Bukele faced criticism for aiming to adopt bitcoin as legal tender.
Read more »
Here's Why El Salvador Wants To Be The First Country To Formally Adopt BitcoinI am a Texas native covering breaking news out of New York City. Previously, I was an editorial assistant at the Forbes London bureau.
Read more »
Palestinian activists El Kurd twins released after Sheikh Jarrah arrestThe arrests of siblings Muna and Muhammad el Kurd came a day after police detained a well-known Al Jazeera reporter who was covering a demonstration in occupied East Jerusalem’s Sheikh Jarrah neighbourhood.
Read more »
Así impulsaron los famosos el voto en las 'elecciones más grandes en la historia de México'En las llamadas elecciones más grandes en la historia de México, los famosos no sólo salieron a ejercer su derecho al voto, también exhortaron ayer a sus admiradores a cumplir con su deber ciudadano.
Read more »