BREAKING NEWS: Paraguay becomes 3rd country to make BITCOIN Legal Tender
TRANSLATION PRESIDENTIAL SPEECH ON THE LEGALIZATION OF BITCOIN AS LEGAL TENDER His Excellency the President of the Republic of Paraguay: SANTIAGO PEÑA Fellow citizens of Paraguay, It is with great pride and responsibility that I stand before you today to announce a historic milestone in the economic transformation of our nation. As President of the Republic of Paraguay, and after rigorous evaluations, consultations with economic experts, and careful reviews of potential impacts on our Gross Domestic Product, I have promoted legislation that formally recognizes Bitcoin as legal tender in our country. This bold decision is rooted in our unwavering commitment to financial innovation, economic sovereignty, and inclusive growth. By integrating Bitcoin into our legal tender system, our goal is to improve the nation’s financial inclusion, empower our citizens and global population, reduce dependence on the centralized and inflationary U.S. dollar, and embrace the digital future. To guarantee the successful launch of this initiative, the government will reserve a portion of its monetary reserves in Bitcoin to ensure market stability. This reserve will act as a safeguard and a clear message that the government is fully committed to this transition. Our administration will work with private and public sectors to ensure mass adoption of this new currency, along with financial education initiatives. Citizens will not be forced to use Bitcoin if they prefer traditional means, but they will have the freedom to choose. You can contact the Presidential Office or Treasury to ensure your voice is heard. submitted by /u/iPurchaseBitcoin [link] [comments]
| | TRANSLATION PRESIDENTIAL SPEECH ON THE LEGALIZATION OF BITCOIN AS LEGAL TENDER His Excellency the President of the Republic of Paraguay: SANTIAGO PEÑA Fellow citizens of Paraguay, It is with great pride and responsibility that I stand before you today to announce a historic milestone in the economic transformation of our nation. As President of the Republic of Paraguay, and after rigorous evaluations, consultations with economic experts, and careful reviews of potential impacts on our Gross Domestic Product, I have promoted legislation that formally recognizes Bitcoin as legal tender in our country. This bold decision is rooted in our unwavering commitment to financial innovation, economic sovereignty, and inclusive growth. By integrating Bitcoin into our legal tender system, our goal is to improve the nation’s financial inclusion, empower our citizens and global population, reduce dependence on the centralized and inflationary U.S. dollar, and embrace the digital future. To guarantee the successful launch of this initiative, the government will reserve a portion of its monetary reserves in Bitcoin to ensure market stability. This reserve will act as a safeguard and a clear message that the government is fully committed to this transition. Our administration will work with private and public sectors to ensure mass adoption of this new currency, along with financial education initiatives. Citizens will not be forced to use Bitcoin if they prefer traditional means, but they will have the freedom to choose. You can contact the Presidential Office or Treasury to ensure your voice is heard. [link] [comments] |
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