LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Nodes Showing Positive Growth, While U.S. Seeks El Salvador Accountability Over Bitcoin Legal Tender Decision

February 25, 2022 09:05:00
  • The company has seen positive growth over the last seven days, increasing channels and value within the nodes active in The Lightning Network
  • LQwD has opened itself for the international market – with Germany and Singapore nodes opened recently
  • The European and Asian markets are only the first steps to the company’s goal of becoming the number one Lightning Network facilitator

Three prominent United States Senate members have introduced a bill that stems from El Salvador’s adoption of Bitcoin as a legal tender. The Accountability for Cryptocurrency in El Salvador (“ACES”) Act would require a State Department report on El Salvador’s adoption of the cryptocurrency and a plan to mitigate the potential risks it imposes on the United States’ financial system. The Senators presenting this bill include Jim Risch (R-Idaho), Bob Menendez (D-New Jersey), and Bill Cassidy (R-Louisianna). 

 “El Salvador recognizing Bitcoin as official currency opens the door for money laundering cartels and undermines U.S. interests. If the United States wishes to combat money laundering and preserve the role of the dollar as…

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