El Salvador begins with the mass purchase of Bitcoin before BTC will become a legal means of payment - News Bitcoin News tomorrow

Bitcoin will be legal on Tuesday, September 7th in El Salvador. The Salvadorian government has started buying Bitcoin before the law comes into force. The first 200 coins were bought and "much more" would come, said President Nayib Bukele.

El Salvador begins with the mass purchase of Bitcoin before Bitcoin becomes legal means of payment

The President of El Salvador, Nayib Bukele, announced on Monday: "El Salvador just bought his first 200 coins. Our brokers will buy much more if the deadline is getting closer." In the current btc price of 51,691 US dollars are worth the 200 Bitcoins about 10.34 million US dollars.

Bukele also tweeted: "Tomorrow all eyes in the world will be directed towards El Salvador for the first time in the story." The country's Bitcoin law, passed on Tuesday, September 7th. In addition to the US dollar, Bitcoin becomes the state's legal payment. The government recently explain what you can expect

In preparation that Bitcoin becomes a legal means of payment, the Congress of El Salvador passed a law on the creation of a $ 150 million fund on August 31, to facilitate the exchange of Bitcoin in US dollars. The money for the new fund is diverted from the current budget of the Ministry of Finance and managed by the state development bank of El Salvador.

meanwhile plan a growing number of Bitcoin supporters to do this buy $ 30 in value btc to show their support for the Bitcoin law of El Salvador. $ 30 is also the amount that President Bukele promised everyone who uses the government's Bitcoin wallet, Chivo,

Some people plan to spend more than $ 30. Tahinis Restaurant said, for example, that it will be supported by El Salvador "Tomorrow $ 300 $".

According to Bukele, around 200 ATMs and 50 bank branches are installed in various parts of the country with the government Chivo wallet, where users can deposit and withdraw money without commission.

Not everyone is interested in the fact that Bitcoin in El Salvador becomes legal means of payment. A recently national survey shows that seven of 10 Salvadorians can be lifted Want to want Bitcoin law and have up to nine out of 10 respondents no clear understanding of what Bitcoin is.

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