El Salvador’s Pro-Bitcoin Policy Will Remain After Election: Vice President

• El Salvador’s vice president said Bitcoin will still be a legal tender should they be re-elected. 
• That also includes plans to launch a Bitcoin-backed bond, build a Bitcoin City, and grant passports for Bitcoin investments. 
• President Nayib Bukele is expected to see victory at the polls on February 4th.

El Salvador’s vice president, Felix Ulloa, confirmed on Wednesday that the pioneering cryptocurrency, Bitcoin, will remain a legal tender in the country during President Nayib Bukele’s second term, Reuters reported. 

Ahead of the election slated for February 4th, Ulloa stated that the current administration’s pro-Bitcon stance will continue into the next term. That also includes plans to broaden Bitcoin adoption and initiatives within the region. 

In 2021, the Central American country became the first in the world to adopt the cryptocurrency as a legal tender. While that decision drew criticism from various corners, Ulloa maintained that the policy would remain unchanged, even as the country seeks a $1.3 billion loan from the International Monetary Fund (IMF). 

According to the Reut…

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