On Wednesday night, Miss Universe 2023 contestant from El Salvador Country Alejandra Guajardo walked onto the stage during the 71st Miss Universe National Costume Show wearing a costume representing dubbed “The Evolution of El Salvadoran Salvadoran Currency,” Miss Universe El Salvador’s official Instagram account describes the dress as designed by Francisco Guerrero.
Esta noche, Miss Universo El Salvador, Alejandra Guajardo, representa la historia de las monedas del país, desde el colón hasta el #Bitcoin, en su traje nacional. pic.twitter.com/q5tVbytJXl
— Noticiero El Salvador 🇸🇻 (@NoticieroSLV) January 12, 2023
Miss El Salvador’s national costume features the colón, the US dollar, and the Bitcoin symbol. The colón was originally used as the national currency of the country from 1892 until it was replaced by the US dollar in January 2001. The dominant color of the outfit is gold, silver and bronze.
Bitcoin is now a legal currency in El Salvador, along with the US dollar. This is after El Salvador became the first country to legalize the world’s largest cryptocurrency trading in September 2021. Since then, The country, led by Nayib Bukele, has bought thousands of BTC into its treasury. In November last year, Bukele also announced that his country would buy Bitcoin on a daily basis.
On Wednesday, the country’s legislature passed a proposed digital asset issuance law last November. This includes a new regulatory framework for the issuance of Bitcoin-backed Volcano bonds.
This new digital asset regulatory framework paves the way for the issuance of Volcano, with Bitfinex as the technology provider for the country’s Volcano. This is the first country adopted regulatory criteria for the issuance of Bitcoin-backed Volcano bonds.
Original article: https://news.coincu.com/160497-el-salvador-sends-miss-bitcoin/
