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bitcoin

El Salvador considering paying workers in Bitcoin

El Salvador doesn’t look like they’re backing down on their Bitcoin adoption despite IMF’s warnings – the country’s Minister of Labour and Social Welfare, Roland Castro, said the government is examining the possibility of paying workers.

El Salvador’s 2001 Monetary integration Law authorized the dollar as a legal tender in the country alongside the colóne. Asserting that workers’ salaries may only be paid in either currency.

The colóne has more or less been abandoned.

It is unclear whether the new Bitcoin Legal bill will be merged with the Monetary integration Law.

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