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El Salvador’s Finance Minister Defended Strategy to Adopt Bitcoin

El Salvador’s finance minister, Alejandro Zelaya, stated that adopting bitcoin has aided the country’s unbanked citizens.
El Salvador’s Finance Minister Defended BTC AdoptionAccording to estimates from tweets from El Salvador’s President, Nayib Bukele, the government purchased 2,381 Bitcoin with taxpayer money, now worth roughly half of what the government paid for them.
In addition to believing that “new technologies will help people in the future,” Zelaya stated that he supports the traditional, multilateral monetary system.
Government of El Salvador Is Still Buying BitcoinThe legal tender legislation was passed on September 7, 2021.
However, the El Salvador government purchased 2,381 bitcoin with public funds, now worth nearly half of what the government paid for them.

Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by TokenAround.

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