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Will El Salvador's Bitcoin capital market legislation face significant legal challenges by June 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Legal filings or court cases reported by major news outlets or government releases
Story
El Salvador Builds Capital Markets on Bitcoin, Passes New Legislation on October 4
Oct 3, 2024, 08:15 PM
El Salvador is making significant strides in integrating Bitcoin into its financial system. On October 3, the National Bitcoin Office announced that the country is building new capital markets based on Bitcoin. This development is underscored by recent legislation passed by the El Salvador Congress on October 4, which adds Bitcoin to the law regulating transfers of digital assets in both public and private offers. The move is seen as a step towards establishing a more sovereign financial system where individuals can self-custody their wealth and property.
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Mandatory • 25%
Voluntary • 25%
Revoked • 25%
Unchanged • 25%
Increased regulation • 25%
Deregulation • 25%
Status quo maintained • 25%
Other • 25%
Remains legal tender • 25%
Voluntary for businesses • 25%
No longer legal tender • 25%
Other • 25%
Yes • 50%
No • 50%
Remains legal tender • 33%
Voluntary use only • 33%
No longer legal tender • 33%
Voluntary acceptance • 25%
Mandatory acceptance • 25%
Bitcoin no longer legal tender • 25%
No change • 25%
Yes • 50%
No • 50%
Increase • 25%
Decrease • 25%
No Change • 25%
Unknown • 25%
