Bitcoin adoption in El Salvador has increased the number of channels on the lightning network.
Citizens will be able to convert the cryptocurrency into U.S. dollars and withdraw it in cash.
El Salvador’s government has been under fire from critics for the decision to adopt Bitcoin as legal currency.
Mass adoption of cryptocurrencies continues as Sotheby's now accepts crypto payments in its auctions.
Denmark's Tax Ministry is looking to revamp its old tax laws to include cryptocurrencies.
Nayib Bukele aims to use geothermal power to generate a ‘green Bitcoin’ narrative in the country
Such support came just after the announcement from Nayib Bukele, President of El Salvador.
The legislation primarily focuses on the legal applications of Bitcoin.
BTC would transform into a legitimized form of currency.
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