El Salvador May Issue Its Own Stablecoin: Report
El Salvador President Nayib Bukele's brothers reportedly presented the plan to foreign investors.
According to Alejandro Zelaya, businesses will not be penalized if they do not accept bitcoin.
The ratings agency warns there are additional regulatory and operating risks tied to the country adopting bitcoin as legal tender.
In contrast to the original law, the government will not force any of the nation’s residents to receive the cryptocurrency as a form of payment, the president said Monday.
The rating agency said that the law and other policy decisions had “weakened governance” and increased tensions with other countries.
La adopción de esa criptomoneda como de curso legal podría ayudar a impulsar la economía del país, dice nuestra columnista, pero hay riesgos si el gobierno se excede en la concesión de nuevos préstamos.