The Miss Universe Entry from El Salvador made a big statement during the National Costume Show with a bold outfit that included Bitcoin. The nation has now adopted a new regulatory framework that allows for the issuance of bitcoin-backed securities.
Bitcoin Showcased at Miss Universe 2023
The Miss Universe 2023 pageant features a contestant from El Salvador, Alejandra Guajardo, who made a statement on Wednesday night during the National Costume Show. According to the official Instagram page of Miss Universe El Salvador, the outfit was designed to portray the “evolution of the Salvadoran currency.” It was created by Francisco Guerrero and features elements such as cocoa beans, the colón, the US dollar, and the Bitcoin symbol.
Tonight, Miss Universe El Salvador, Alejandra Guajardo gave us a glimpse into her nation’s currency history from the colon to the present. #Bitcoin in her national costume pic.twitter.com/q5tVbytJXl
– News El Salvador 🇸🇻 (@NoticieroSLV) January 12, 2023
In the past, cacao was used in El Salvador as capital, and the colón was the nation’s official currency from 1892 to 2001. This was replaced by the US dollar, but now Bitcoin is legal tender in the country. El Salvador became the first nation in the world to make the largest cryptocurrency legal tender in September 2021, with the help of the pro-Bitcoin president Nayib Bukele. Last year, he announced that the country would be purchasing thousands of BTC to replenish the national treasury.
On Wednesday, the Salvadoran legislature approved the law governing digital asset issuance. This new regulatory framework will permit the issuance and support of bitcoin-backed securities known as ‘Volcano bonds.’ Bitfinex, a technology provider for El Salvador’s ‘Volcano token,’ remarked that this regulation is a step forward for the long-awaited issuance of the token.
What are your thoughts on Miss El Salvador bringing Bitcoin to Miss Universe 2023? Please let us know your views in the comments section.
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