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.

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