El Salvador passes a new legislation in Bitcoin (BTC) linked to a new financing deal worth $ 1,400,000,000: Report
According to what was approved by the first country that uses Bitcoin (BTC) as a new legal tendency to expand encryption efforts.
Reuters Reports This approved a draft law on amending the Bitcoin Law in the country, according to the government’s deal with the International Monetary Fund (IMF).
In December, the El Salvador government and the staff team from the International Monetary Fund reached a $ 1.4 billion loan facility after approval that the Central American nation will allow companies to determine whether they want to accept encrypted currency payments.
El Salvador intends to use the fund to support economic reforms. The International Monetary Fund says to order under EFF It will reduce the risk of bitcoin in the country.
“The potential risks of the Bitcoin project will be dramatically in line with the Fund’s policies. Legal reforms will make Bitcoin acceptance by the voluntary private sector. For the public sector, participation in economic activities and bitcoin -related transactions will be limited to bitcoin.”
The El Salvador Conference, which is dominated by the new ideas party of President Nayb Bokil, agreed to reform with 55 votes for two and two votes against.
The agreement is still subject to approval of the Executive Council of the Ministry of the International Monetary Fund and air -conditioned to achieve conditions.
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