El Salvador makes Bitcoin legal tender, MicroStrategy sees $1.6b interest in BTC-offer and framework in Iran

Photo by Executium on Unsplash

El Salvador accepts Bitcoin bill which makes it officially a legal tender

El Salvador created history today by becoming the first country to approve Bitcoin as a legal tender. Nayib Bukele, the President of the South American nation joined a Twitter Space hosted by Nic Carter when the Bitcoin bill was being discussed by the country’s Congress.

During his Twitter space discussion, Bukele revealed that the country is not only partnering with Strike to create a government Bitcoin wallet, but citizens would be free to use any Bitcoin wallet of their choice.

Source: Coingape

Iranian president calls for legal framework for crypto trading

Iran is looking for ways to introduce a legal framework for cryptocurrencies while Bitcoin (BTC) mining remains under embargo in the country.

During the Cabinet’s Economic Coordination Board meeting on Tuesday, Iranian President Hassan Rouhani emphasized the need to legalize cryptocurrency activities to preserve and protect national interests.

“For legalizing the activity of cryptocurrencies and protecting people’s capital in this area, we must think of a solution as soon as possible and lay down and communicate the necessary laws and instructions.”

He also clarified that crypto mining is still prohibited until the end of summer, “and the Ministries of Communication and Information Technology and Energy are responsible for cutting off power to these centers.”

Source: CoinTelegraph

MicroStrategy sees $1.6b interest in their Bitcoin offer

US-based software developer MicroStrategy has received approximately USD 1.6bn in orders for the recently announced private offering of secured notes, Bloomberg reported, citing undisclosed people with knowledge of the marketing process.

Per the report, this interest includes that from “a large number” of hedge funds amid a sharp correction in the bitcoin (BTC) market.

As reported yesterday, MicroStrategy boosted the size of its sale to fund the purchase of more BTC by USD 100m, now targeting USD 500m.

Give us a call on +372 602 6773 or email us at support@crypto2cash.com. Our members of staff are available between 9.00–18.00 CET to answer any question you may have, especially in regards to easily selling your crypto for fiat currencies.




The fast and secure solution to sell crypto for businesses and private individuals alike

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

How and Where to Buy Colony Network Token ($CLNY) — A Complete Guide for Beginners

How and Where to Buy Colony Network Token ($CLNY)

What is Stellar? A complete introduction

HengDa news shock the world

Ethereum price shrugs off SEC and IRS criticism with 24-hour rally

Benefits of Options DEX Integration Via Oddz DEX

Enjoy the latest payment tools suggested by MilaCoins crypto payment solution

Five Ways to Invest in Crypto Wisely

Upgraded Russian mining costs scraps tax amnesty

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store


The fast and secure solution to sell crypto for businesses and private individuals alike

More from Medium

Paul Krugman’s Weird Opinion About Cryptocurrency and the Subprime Loan Crisis

Utafiti Weekly Bitcoin Update: Should You Buy or Sell?

A missed shot

Joshua Williams On Bitcoin: “May & June Could Be Amazing”