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The legal status of cryptocurrencies varies substantially from one jurisdiction to another, and is still undefined or changing in many of them. [1] Whereas, in the majority of countries the usage of cryptocurrency isn't in itself illegal, its status and usability as a means of payment (or a commodity) varies, with differing regulatory implications.
According to a survey done by the Central American University 100 days after the Bitcoin Law came into force: 34.8% of the population has no confidence in bitcoin, 35.3% has little confidence, 13.2% has some confidence, and 14.1% has a lot of confidence. 56.6% of respondents have downloaded the government bitcoin wallet; among them 62.9% has ...
The law was passed by the Legislative Assembly on 9 June 2021, with a majority vote of 62 out of 84. Bitcoin became legal tender on 7 September 2021, [5] 90 days after the publication of the law in the official gazette, [16] [17] which makes El Salvador the first country to have bitcoin as legal tender.
In 2021, El Salvador became the first country to make the cryptocurrency legal tender alongside the U.S. dollar, which it adopted two decades earlier. Lawmakers in El Salvador rush new bitcoin ...
Bitcoin (abbreviation: BTC; sign: ₿) is the first decentralized cryptocurrency. Based on a free-market ideology, bitcoin was invented in 2008 by Satoshi Nakamoto, an unknown entity (person or persons). [5] Use of bitcoin as a currency began in 2009, [6] with the release of its open-source implementation.
El Salvador's Congress has approved a migration law granting expedited citizenship to foreigners who make bitcoin "donations" to government social and economic development programs. In a surprise ...
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