Millions of people in El Salvador could soon receive free Bitcoin

According to a report by Reuters, El Salvador President Nayib Bukele announced during a national address on Thursday (June 24) that the bill to make Bitcoin legal tender will become effective on September 7.

As you may remember, the “Bitcoin Law” got passed by the Legislative Assembly on June 9.

Here are a few highlights from President Bukele’s speech (as reported by “La Prensa Gráfica”, one of the country’s most popular daily newspapers):

  • The English translation of Article 7 of the Bitcoin Law states: “Every economic agent must accept bitcoin as payment when offered to him by whoever acquires a good or service.” However, the president said assured the people of El Salvador that “nobody has to receive bitcoins if they don’t want them”.

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