Bitcoin Legal Bidding Laws – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

Nayib Bukele, El Salvador’s laser eyes President, shocked the world by the Bitcoin 2021 conference in Miami when he announced that bitcoin would become legal tender in his country. A few days later, the “Bitcoin Law”It was approved, ushering in a new era for virtual currency.

There is something in the law, which requires providers to accept bitcoin, that goes against the voluntary spirit of “opt-in” for Bitcoin. However, there are key features of the law that many people may have overlooked that protect providers from the risk of keeping the asset volatile while maintaining the benefits of using bitcoin in transactions.

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