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Benzinga
Benzinga
Business
Adrian Zmudzinski

Malaysian Official Considers Bitcoin Official, But Is It Working In El Salvador?

Malaysian Deputy Minister of Communications and Multimedia Zahidi Zainul has suggested that the country should consider recognizing Bitcoin (CRYPTO: BTC) and other cryptocurrencies as a legal tender, but how is Bitcoin adoption proceeding in El Salvador?

What Happened: Zainul said that the country should recognize Bitcoin and other cryptos as legal tender and said that he hopes that "the government can allow this," when talking to the country's parliament, according to a Monday Bloomberg report. So far, it is unclear if the minister's suggestion is being considered by any Malaysian governmental body.

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