The analysts believe that the cryptocurrency's chances are low

​Chile is considering a bill to recognize bitcoin as a means of payment

04.12.2021 - 10:30

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1 min

What’s new? Last week, the Congress approved an initiative by Deputy Karim Bianchi for further discussion at the Commission of Economy and Development, Decrypt reports.

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What does the bill say? In addition to recognizing bitcoin as a means of payment, the bill offers to determine the exchange rate for bitcoin by the free market. The prices in the country may be expressed in bitcoins, but it will be necessary to specify the price in the Chilean pesos.

What are the predictions? The analysts say that the bill is unlikely to win approval. The Central Bank of Chile is now focusing on developing its own CBDC, with no economic prerequisite for bitcoin to be recognized as a means of payment.

Author:

Vasiliy Smirnov Vasiliy Smirnov

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