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El Salvador's President Nayib Bukele said on June 5 that he would send a bill to Congress next week to make bitcoin legal tender in the country."In the short term this will generate jobs and help provide financial inclusion to thousands outside the formal economy," Bukele said in a video shown at the Bitcoin 2021 conference in Miami.
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Bukele took to Twitter to call promoting financial inclusion "a moral imperative" as well as path to growing El Salvador's economy by providing access to credit, savings, investment and secure transactions.