Al Marsad Newspaper – Agencies: El Salvador’s parliament approved, on Wednesday, a law declaring the electronic currency Bitcoin a legal currency in an unprecedented step in the world supported by President Najib Abu Kila to promote the growth of the Central American country.
The first article of this text states that “the aim of the law is to make Bitcoin an unrestricted legal currency that has the power to clear payments and is unlimited in any transaction.”
The law is supposed to be presented to the president for his signature.
After a period of decline and collapse in the cryptocurrency market last May, the first days of June witnessed dramatic changes, coinciding with a number of happy news that returned the green arrows to the indicators to follow the movement of cryptocurrencies.
According to the CoinMarketCap website, which specializes in analyzing digital currencies, the last seven days, until noon on Sunday, June 6, witnessed a remarkable rise in the growth of most of the famous digital currencies; The number of cryptocurrencies in circulation reached 10,296, with a total market capitalization of $1.645 trillion.