[ad_1] <br><div id="article-body" itemprop="articleBody"><p>El Salvador's legislative meeting on Wednesday authorized a digital property legislation aimed toward legally defending transfers or debt points with cryptocurrencies.</p><p>El Salvador was the primary nation to undertake bitcoin as a authorized forex in September 2021, utilizing it together with the US greenback, which it adopted as its forex in 2001.</p><p>The 47-article legislation obtained 62 votes in favor out of 84 seats in Congress.</p><p>"El Salvador's Legislative Meeting has simply authorized, by an awesome majority, the brand new Digital Securities Legislation! Ahead, at all times ahead," wrote President Nayib Bukele o Twitter.</p><p>The brand new legislation paves the way in which for the acquisition of $1 billion in "crypto bonds" or "volcano bonds."</p><p>In November 2021, Bukele introduced the development of a "Bitcoin Metropolis" within the japanese division of La Union, which might be powered by geothermal vitality from a volcano within the area.</p><p>Bukele's authorities has already bought 2,381 bitcoins for $107 million.</p><p>On November 17, Bukele introduced that his authorities would purchase one bitcoin a day, with out specifying for the way lengthy.</p><p>Bitcoin is at present buying and selling at under $20,000, after hitting $68,000 in November 2021.</p></div> <br>[ad_2] <br><a href="https://news.google.com/__i/rss/rd/articles/CBMiZmh0dHBzOi8vd3d3Lnphd3lhLmNvbS9lbi9sZWdhbC9yZWd1bGF0aW9ucy9lbC1zYWx2YWRvci1wYXNzZXMtbGF3LW9uLWNyeXB0b2N1cnJlbmN5LXRyYW5zZmVycy1odmFwNGUxYtIBbGh0dHBzOi8vd3d3Lnphd3lhLmNvbS9lbi9sZWdhbC9yZWd1bGF0aW9ucy9lbC1zYWx2YWRvci1wYXNzZXMtbGF3LW9uLWNyeXB0b2N1cnJlbmN5LXRyYW5zZmVycy1odmFwNGUxYj9hbXA9MQ?oc=5">Source link </a>