A group of members of the US Senate Committee on Foreign Relations has submitted a bill on cryptocurrency liability in El Salvador for consideration.
It reportedly involves the preparation of a "plan to reduce potential risks to the US financial system."
The bill has been supported by Jim Risch, Bob Menendez and Bill Cassidy.
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If the bill is adopted, the State Department, in coordination with other departments, will generate an appropriate report. A package of measures will be presented within 90 days. The document also mentions "other countries that use the US dollar as legal tender."
Lawmakers want to study in depth the process of establishing Bitcoin as official currency in El Salvador, its impact on citizens and businesses, including the degree of use, as well as the authorities' ability to resist cybersecurity risks.
In addition, the report should reflect data on the proportion of the population that is not covered by banking services and the volume of money transfers into the country from the United States.
El Salvador legalized Bitcoin as legal tender in the country in September last year.