On Wednesday In a surprising and daring move, the Congress of El Salvador approved Bitcoin as a legal tender in the country after President Nayib Bukele’S proposal was accepted with 62 members out of 84 voted in the favor of this legislation. Bukele also shared his plan of making Salvador the hub of Bitcoin mining. Even though it could affect its relations with IMF. Bukele also said that this initiative could help the overseas Salvador’s to send remittances back by using Bitcoin. El Salvador also offered its citizenship to those people, who can prove that they have invested in at least 2 Bitcoins. Although AL Salvador has not announced its cryptocurrency yet. New emerging currencies like Rscoin and other currencies can hope that’ with the trust of government they can also boom because sooner or later countries have to accept the cryptocurrencies.