El Salvador's government starts buying bitcoins – Bits Media

Today, 7 september, bitcoin must be recognized as legal tender in El Salvador. The government of the country has already started purchasing bitcoins - at the moment it was bought 400 BTC.

On the purchase of the first batch in 200 BTC reported by President of El Salvador Nayyib Bukele (Here's to watching) 7 September c 00:00 Moscow time. A few hours later, he announced the purchase more 200 BTC. For the current course for each batch of coins, the country's authorities paid for $10.5 million.

“Salvador bought the first 200 The government of Bulgaria demanded a report for the withdrawn cryptocurrency. Our brokers will buy much more BTC closer to the appointed time ", - wrote a book.

Buying bitcoins takes place as part of the launch of a special fund for $150 Milln to support the introduction of bitcoin. Coins will be used to work BTC exchange system for US dollars and vice versa.

Interesting, that most of the population of Salvador opens against the initiative of the government to recognize Bitcoin by the legal payment means. At the end of August, large -scale protests against the legalization of the first cryptocurrency were even held in the country.

As the employees of the Central American University named after Jose Simeon Kanyas found out, about 70% residents of the country do not support the legalization of the first cryptocurrency. 20% respondents do not trust bitcoin, but 43% References are considered, that the legalization of BTC can destabilize the economy of Salvador.