Former Bank Of China Deputy Governor Slams El Salvador; Faces Flak


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Bitcoin Ethereum News Former Deputy Governor of Bank of China, Wang Yongli, criticized the recent move by El Salvador to grant legal tender status to Bitcoin. His comments have faced heavy fire from several industry bigwigs from China, who have come out in contradiction to his statement. El Salvador Becomes First Country To Legalize Bitcoin On June 9th, El Salvador’s President Nayib Bukele tweeted that Congress had passed his bill to make Bitcoin legal tender, making this Central American nation the first in the world to do so. About 20% of El Salvador’s GDP is dependent on remittances, which is...