Some lawmakers in Latin American countries have expressed their interest in bitcoin (quotation in real time), after El Salvador passed the law making cryptocurrency legal. Countries include Paraguay, Argentina, Panama, Brazil, and Mexico. Tonga and Tanzania have also reportedly expressed interest in bitcoin.
Other countries are looking at Bitcoin adoption
After El Salvador passed the law making bitcoin legal tender along with the US dollar, a growing number of lawmakers in neighboring countries have expressed their interest.
Gabriel Silva, a member of the Panama Parliament, tweeted congratulating El Salvador when the bitcoin law was passed. “Good news for El Salvador who is teaching the government of Panama about entrepreneurship and technology. We must think beyond the channel and free zones, betting on the knowledge economy, on quality education for all and on the facilitation of new businesses ”. He pointed out:
“This is important and Panama cannot be left behind. If we want to be a true tech and business hub, we need to support cryptocurrencies. We will prepare a proposal to be presented to the assembly ".
Carlitos Rejala, a congressman and national deputy from Paraguay, has asked his government to take similar action in El Salvador. He tweeted: “As I was saying a long time ago, our country needs to move forward with the new generation. The time has come, our time ”.
Fábio Ostermann, an elected member of the Legislative Assembly of Rio Grande do Sul, Brazil, also had a laser eye on his profile picture. Argentine MP Francisco Sánchez also temporarily put laser eyes on his profile picture, tweeting: "I can't believe it, but that's it."
Commenting on the growing list of countries that have taken an interest in bitcoin since El Salvador's bitcoin law passed, Tyler Winklevoss, co-founder of cryptocurrency exchange Gemini, tweeted last week:
"First they ignore you, then suddenly Paraguay, Argentina, Panama, Brazil, El Salvador, Nicaragua embrace bitcoin."
Other countries also join
Several Mexican lawmakers have also adopted laser eyes, including Senator Indira Kempis, who responded to Tyler Winklevoss' tweet with a Mexican flag emoji. Additionally, Senator Eduardo Murat Hinojosa tweeted:
"I will promote and propose a legal framework for cryptocurrencies in the lower house of Mexico."
Some other countries that have expressed interest include Tonga, a Polynesian country, and Tanzania, an East African country. President Samia Suluhu Hassan has asked the Central Bank of Tanzania to begin work to facilitate the widespread use of cryptocurrencies in the country. In Tonga, Lord Fusitu'a, a member of the Parliament of the Kingdom of Tonga, is a supporter of bitcoin.
El Salvador could establish a trend of nations to adopt bitcoin. JPMorgan recently said that “similarly situated” countries could follow El Salvador's move to make bitcoin legal tender. Meanwhile, the International Monetary Fund (IMF) says it sees legal and economic problems regarding this move by El Salvador.