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Latin American Countries Adopt Bitcoin After El Salvador Passes Bitcoin Law – Regulation Bitcoin News


Several lawmakers in Latin American countries have expressed their interest in bitcoin after El Salvador passed a law making the cryptocurrency legal tender. Countries include Paraguay, Argentina, Panama, Brazil, and Mexico. Tonga and Tanzania have also reportedly expressed interest in bitcoin.

More Countries Eye Bitcoin Adoption

After El Salvador passes a bill to create bitcoin legal tender Along with the US dollar, a growing number of lawmakers in neighboring countries have either expressed their interest in taking similar steps or have cast laser eyes on their Twitter profile pictures.

The Ledger Eyes meme has swept through the bitcoin community since February, the underlying meaning that anyone who donates an eye is laser-focused on raising the price of bitcoin to $100,000. Politicians, celebrities and investors have participated and cast laser eyes on their profile images.

Member of Parliament in Panama, Gabriel Silva Tweeted Congratulating El Salvador When Bitcoin Was Law Approved. “Good news for El Salvador teaching the government of Panama in entrepreneurship and technology. We have to think beyond the canal and free zones, betting on the knowledge economy, facilitating quality education and new businesses for all.” He emphasized:

This is important, and Panama cannot be left behind. If we want to be a true tech and entrepreneurship hub, we have to support cryptocurrencies. We will prepare a proposal to table it in the assembly.

Carlitos Rezala, a congressman and Paraguay’s national deputy, has called on his government to take similar action for El Salvador. Taking a look at his profile picture, he tweeted: “As I was saying long ago, our country needs to move ahead with the new generation. The moment has come, our moment. “

Fabio Osterman, an elected member of the Legislative Assembly in Rio Grande do Sul, Brazil, has also cast laser eyes on his profile picture. Argentine deputy Francisco Sanchez also temporarily cast laser eyes on his profile picture, tweeting, “I can’t believe it, but it’s like it.”

Commenting on the growing list of countries interested in bitcoin after El Salvador’s bitcoin law was passed, cryptocurrency exchange Gemini co-founder Tyler Winklevoss tweeted last week:

First they ignore you, then suddenly Paraguay, Argentina, Panama, Brazil, El Salvador, Nicaragua embrace bitcoin.

Several lawmakers in Mexico also cast laser eyes on their profile photos, including Senator Indra Kempis, who responded to Tyler Winklevoss’s tweet with an emoji of the Mexico flag. In addition, Senator Eduardo Murat Hinojosa has announced plans to bring a regulatory proposal on cryptocurrencies before the national legislative branch. He tweeted last week:

I will promote and propose a legal framework for cryptocurrencies in the lower house of Mexico.

Some other countries that have expressed interest include Tonga, a Polynesian country, and Tanzania, an East African country. President Samia Suluhu Hassan has called on the Central Bank of Tanzania to start working to facilitate the widespread use of cryptocurrencies in the country. In Tonga, Tonga State Member of Parliament Lord Fusitua is a bitcoin advocate. He has laser eyes on his Twitter profile picture and has participated in a Twitter Space meeting with bitcoiners to discuss how his country can benefit from cryptocurrency.

El Salvador could set the trend for countries adopting bitcoin. Recently JP Morgan said That “equally located” countries could follow El Salvador’s move to make bitcoin legal tender. Meanwhile, the International Monetary Fund (IMF) says it sees legal and economic issues In relation to this move by El Salvador.

Do you think more countries like El Salvador will make bitcoin legal tender? Let us know in the comments section below.

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