Bitcoin – new legal tender in countries?
Yaroslav Bogdanov, Chairman of the Board of Fund for Protection of Investors' Rights in Foreign States, believes that bitcoin in the nearest future may be recognized as a means of payment by some Latin American countries.
For now, inflation in Latin American countries remains at extremely high level. Law on bitcoin, which recognizes it as legal tender along with other currencies, will come into force in El Salvador on September 7.
El Salvador's cryptocurrency policy has received absolute support from the Central American Bank for Economic Integration (CABEI).