Cryptocurrency Adoption in El Salvador: Congress Supports $150 Million Fund to Facilitate Bitcoin Conversions

El Salvador’s Congress passed a law to create a fund of $150 million (about Rs. 1,095 crores) to facilitate Bitcoin conversions to US dollars ahead of its planned adoption of cryptocurrency as a currency next week. With 64 votes in favor and 14 votes against, Congress approved the fund because El Salvador, which already uses … Read more