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Bitcoin-friendly Central American country El Salvador has entered into an alliance with the People’s Democratic Republic of China to build a new national stadium. Announcing the collaboration via Twitter on New Year’s Eve, President Nayib Bukele says the partnership symbolizes the great rapport between both countries.
“This is a collaboration granted directly by President Xi and a sample of the friendship between the peoples of China and El Salvador,” Bukele tweeted in Spanish on Friday.
El Salvador will move its military school from its current location to accommodate the 50,000-seater Sports stadium. The school would then be rebuilt to have twice its current capacity in another location. However, despite the romance between Salvador and China, both countries have different beliefs when it comes to bitcoin and digital currencies. In September 2021, President Nayib Bukele and El Salvador’s house of legislators approved bitcoin as a legal tender in a first-of-its-kind occurrence. Meanwhile, China strangled all virtual assets activities within the country including crypto trading, mining, etc.