Despite worries about the possible impact on El Salvador’s IMF program, lawmakers supported the move to establish legislation to welcome bitcoin, with 62 of the 84 viable votes.
Bukele has welcomed the use of bitcoin for its potential to allow Salvadorans working overseas to send remittances home while also maintaining that the US dollar would remain legal tender. El Salvador lacks a currency.
In a tweet immediately before the vote in Congress, which his party and supporters control, Bukele said that it would bring investment, financial inclusion, tourism, economic growth, and creativity to their nation.
According to the IMF, they are constantly monitoring events and will continue to communicate with the authorities.
Source: MyCryptoParadise News
[url]https://mycryptoparadise.com/imf-dissatisfied-with-el-salvadors-bitcoin-move/[/url]