In a world first, El Salvador makes bitcoin legal tender
The Hindu
‘It will bring financial inclusion, investment, tourism, innovation and economic development for our country’, says President Nayib Bukele
El Salvador became the first country in the world to adopt bitcoin as legal tender after the country’s Congress on Wednesday, June 9, 2021, approved to embrace the cryptocurrency, a move that delighted the currency's supporters. Read: With 62 out of 84 possible votes, lawmakers voted in favour of the move to create a law to adopt bitcoin, despite concern about the potential impact on El Salvador's programme with the International Monetary Fund.
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