Latin American Countries Consider Bitcoin Adoption After El Salvador Passes Bitcoin Law

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A number of lawmakers in Latin American countries have expressed interest in bitcoin following El Salvador’s passage of the law making cryptocurrency legal tender. Countries include Paraguay, Argentina, Panama, Brazil, and Mexico. Tonga and Tanzania have also reportedly expressed interest in bitcoin.

More countries are considering adopting Bitcoin

After El Salvador passed the bill making bitcoin legal tender alongside the US dollar, a growing number of lawmakers in neighboring countries have expressed interest in taking a similar move or have put laser eyes on their profile photos. Twitter.

The laser eye meme has swept through the bitcoin community since February, meaning that underlying anyone wearing the eyes is laser-focused on the bitcoin price hitting $ 100,000. Politicians, celebrities and investors participated and put laser eyes on their profile pictures.

Gabriel Silva, Member of Parliament from Panama, tweeted to congratulate El Salvador when the bitcoin law was approved. “Good news for El Salvador who is teaching the government of Panama about entrepreneurship and technology. We must think beyond the canal and the free zones, focusing on the knowledge economy, quality education for all and the facilitation of new businesses. He underlined:

This is important and Panama cannot be left behind. If we want to be a true technological and entrepreneurial hub, we must support cryptocurrencies. We will prepare a proposal to present to the assembly.

Carlitos Rejala, congressman and national deputy from Paraguay, called on his government to take similar measures in El Salvador. Putting laser eyes on his profile picture, he tweeted: “As I said a long time ago, our country must move forward hand in hand with the new generation. The time has come, our time.

Fábio Ostermann, elected member of the Legislative Assembly of Rio Grande do Sul, Brazil, also put laser eyes on his profile picture. Argentinian deputy Francisco Sánchez also temporarily put laser eyes on his profile picture, tweeting: “I can’t believe it, but it’s like that.”

Commenting on the growing list of countries showing interest in bitcoin following the passage of Salvadoran bitcoin law, Tyler Winklevoss, co-founder of the Gemini cryptocurrency exchange, tweeted last week:

First they ignore you, then suddenly Paraguay, Argentina, Panama, Brazil, El Salvador, Nicaragua adopt bitcoin.

Several Mexican lawmakers have also put laser eyes on their profile photos, including Senator Indira Kempis, who responded to Tyler Winklevoss’ tweet with a Mexican flag emoji. In addition, Senator Eduardo Murat Hinojosa has announced his intention to submit a regulatory proposal on cryptocurrencies to the national legislature. He tweeted last week:

I will promote and propose a legal framework for cryptocurrencies in the lower house of Mexico.

Other countries that have expressed interest include Tonga, a Polynesian country, and Tanzania, a country in East Africa. President Samia Suluhu Hassan called on the Tanzanian Central Bank to start working to facilitate the widespread use of cryptocurrencies in the country. In Tonga, Lord Fusitu’a, Member of Parliament of the Kingdom of Tonga, is a bitcoin advocate. He has laser eyes on his Twitter profile picture and attended a Twitter spaces meeting with bitcoiners to discuss how his country can benefit from cryptocurrency.

El Salvador could give nations a tendency to adopt bitcoin. JPMorgan recently said that “similarly situated” countries could follow El Salvador’s decision to make bitcoin legal tender. Meanwhile, the International Monetary Fund (IMF) says it sees legal and economic issues regarding El Salvador’s move.

Do you think more countries will make bitcoin legal tender like El Salvador? Let us know in the comments section below.

Tags in this story African countries, Argentina, adoption of Bitcoin, bitcoin bill, Bitcoin law, legal tender of bitcoin, Brazil, El Salvador, latam, LATAM-US, Mexico, Nicaragua, Panama, Paraguay

Image credits: Shutterstock, Pixabay, Wiki Commons

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