A few days before voting day, Felix Ulloa said that the re-election of Nayib Bukele would guarantee the preservation of the first cryptocurrency as legal tender.
The government does not intend to reverse its decisions, despite pressure from the International Monetary Fund (IMF), which promised El Salvador access to billions of dollars for abandoning Bitcoin.
Felix Ulloa said that if Bukele and his New Ideas party win Sunday's elections, as most polls predict, the government will move ahead with plans to issue Bitcoin-backed bonds slated for the first quarter of 2024.
The construction of the tax-free cryptocurrency economic zone Bitcoin City will continue and the issuance of passports to investors who will invest at least $1 million in cryptocurrency in the country’s infrastructure.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
