El Salvador is getting in on El Zonte’s Bitcoin experiment after the country’s legislative assembly passed a law spurred by 39-year-old Salvadoran President Nayib Bukele requiring businesses to accept it as payment for goods and services alongside the United States dollar, which has been the country’s official currency since 2001.Bitcoin is now hovering near $37,000, but headwinds are building. The backlash over its carbon footprint has been severe, and talk of tighter government regulation continues to gain momentum. Is El Salvador’s Bitcoin embrace a cold shoulder to the US?
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