World first for El Salvador as it makes bitcoin legal tender

clock • 1 min read
World first for El Salvador as it makes bitcoin legal tender

El Salvador has become the first country in the world to adopt bitcoin as legal tender after its Congress approved the move on 9 June. With 62 out of 84 possible votes, lawmakers voted in favor of the move to create a law to adopt bitcoin, despite concern about the potential impact on El Salvador's program with the International Monetary Fund, Reuters reported. Bukele has argued the use of bitcoin for its potential to help Salvadorans living abroad to send remittances back home, while...

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