Ad
related to: what countries is bitcoin legal tender
Search results
Results From The WOW.Com Content Network
Bitcoin was made legal tender in the country through the Bitcoin Law, which was passed on 8 June 2021, [42] [43] and took effect on 7 September 2021. [ 44 ] [ 45 ] During the first month, the Salvadoran Foundation for Economic and Social Development reported that 12 percent of Salvadoran consumers have used the cryptocurrency, however, 93 ...
Bitcoin became legal tender on 7 September 2021, [5] 90 days after the publication of the law in the official gazette, [15] [16] which makes El Salvador the first country to have bitcoin as legal tender. [5] [17] Bitcoin joined the United States dollar as the second official currency of El Salvador. [18] [needs update]
In April 2022, the Central African Republic (CAR) adopted Bitcoin as legal tender alongside the CFA franc. After El Salvador, CAR was the second country to do so. [25] [26] In April 2023, CAR agreed to repeal the adoption of Bitcoin as legal tender. [27]
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 ...
In a bold move, El Salvador has declared its acceptance of Bitcoin as an official currency. Such a step is quite unusual amongst nations. The South American country has become the world’s first ...
El Salvador became the first country in the world to adopt bitcoin as legal tender after Congress on Wednesday approved President Nayib Bukele's proposal to embrace the cryptocurrency, a move that ...
El Salvador became the first country in the world to use bitcoin as legal tender, after having been adopted as such by the Legislative Assembly of El Salvador in 2021. [1] It has been promoted by Nayib Bukele, the president of El Salvador, who claimed that it would improve the economy by making banking easier for Salvadorans, and that it would encourage foreign investment.
In 2021, El Salvador became the first country to adopt Bitcoin as legal tender, mandating that businesses accept the leading cryptocurrency as a form of payment and rolling out a digital wallet ...