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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.
As bitcoin reached historic highs, surpassing $100,000 for the first tim e, El Salvador's President Nayib Bukele was triumphant on Thursday about his big bet on the cryptocurrency. The adoption of ...
SAN SALVADOR (Reuters) -El Salvador said on Thursday it would keep buying bitcoin, possibly at an accelerated pace, a day after the government reached a financing agreement with the International ...
In exchange, the government is getting a $1.4 billion loan.
The Bitcoin Law [6] (Spanish: Ley Bitcoin, pronounced [ˈlej biðˈkojn]) [7] was passed by the Legislative Assembly of El Salvador on 8 June 2021, giving the cryptocurrency bitcoin the status of legal tender within El Salvador after 7 September 2021. [8] It was proposed by President Nayib Bukele. The text of the law stated that "the purpose of ...
In June 2021, the Legislative Assembly of El Salvador voted legislation to make Bitcoin legal tender in El Salvador. [10] [11] [12] The decision was based on the success of the Bitcoin Beach ecosystem in El Zonte that used a LN based wallet. The government will be introducing a wallet utilising the Lightning Network protocol while giving the ...
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 ...
bitcoin exchange [citation needed] Bitwala: 2015 Germany: Berlin: bitcoin debit card, international transfers, bitcoin wallet [2] Blockchain.com: 2011 Luxembourg: wallet provider [citation needed] Blockstream: 2014 United States: San Francisco: software [citation needed] BTC-e: 2011 Russia: bitcoin exchange Shut down by the United States ...