Bitcoin Adoption: Why Paraguay Could Follow In El Salvador’s Footsteps
The president of El Salvador Nayib Bukele will submit a bill to its National Congress to approve Bitcoin’s status as a legal tender. This announcement has traveled the world and before its implications could be processed, other nation-states hinted at the possibility of adopting the Bitcoin Standard. Yesterday June 6th, Carlos Antonio Rejala Helman, Paraguay’s […]
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When El Salvador announced that Bitcoin would be legal tender in their country, the clock started ticking. What country, if any, would follow in their footsteps? Paraguay was one of the most likely candidates, and member of parliament Carlos Rejala’s tweet and laser eyes seemed to indicate that there was a possibility. However, things cooled […]
To mitigate austerity and resolve debt, Puerto Rico should follow in El Salvador’s footsteps and make bitcoin legal tender.
El Salvador’s decision to accept Bitcoin as legal tender in June appears to be influencing lawmakers across the region to begin exploring their own cryptocurrency strategy. Paraguay is next in line to introduce new crypto-focused legislation. Paraguayan Congressman Carlitos Rejala and Senator Fernando Silva Facetti are planning to introduce a Bitcoin (BTC) bill to Congress on Wednesday, July 14, underscoring the lawmakers’ urgency in formulating a coherent digital asset strategy for their country. “I am here to unite Paraguay,” Rejala tweeted Friday, adding that he and his fellow lawmaker....
El Salvador’s Bitcoin acceptance is a major win for the cryptocurrency industry, Cardano founder Charles Hoskinson believes. Following El Salvador’s historic adoption of Bitcoin (BTC) as legal tender on Tuesday, Cardano founder Charles Hoskinson predicted that a lot more countries will eventually follow in the Latin American country's footsteps.El Salvador’s Bitcoin acceptance further legitimizes the belief that people should be in control of their money, Hoskinson said in his “Congratulations Bitcoin” YouTube video on Sept. 7.The Cardano founder expressed confidence that cryptocurrencies....
Member of Paraguay ‘s parliament Carlos Rejala fooled the world with his laser eyes. His supposed “Bitcoin Law” proposal doesn’t even mention Bitcoin. Rejala heard about El Salvador’s news and attached himself to it trying to steal its thunder. He then deployed a Twitter marketing campaign with big promises and ended up disappointing the whole […]