Bukele deputies determined to approve more than 50 laws to take better advantage of bitcoin

Deputy William Soriano said that they are advancing in the approval of 52 laws to encourage foreign investment in El Salvador.

More than a year after El Salvador officially accepted Bitcoin (BTC), lawmakers from Nayib Bukele's party seem determined to move forward, passing more than 50 laws.

The objective is to reform the entire legal framework that is the basis for negotiations in the Central American country, logically including the first cryptocurrency on the market.

New Thought Vice President William Soriano said this in an interview. According to him, although making Bitcoin a fiduciary currency is one of President Bukele's plans, the "full integration" of this asset into the Salvadoran economy and the attraction of foreign investment are still lacking. To do this, he explained that they are in the "process of approving" 52 laws

Soriano maintains that Salvadorans "have lost their fear of bitcoin." He clarified that although not all the inhabitants make use of the currency because it is not mandatory, everyone who wants to have new clients (outside of traditional finances)

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