Saturday, June 12, 2021

#ELSALVADOR: Bitcoin Approved As Legal Tender

[world politics news]


El Salvador has become the first country in the world to officially classify Bitcoin as legal currency.

Congress approved President Nayib Bukele's proposal to embrace the cryptocurrency, with 62 out of 84 possible votes on Tuesday night.

The president said the government had made history, and that the move would make it easier for Salvadoreans living abroad to send money home.

In a simple three-page bill, which the president, Nayib Bukele, posted on Twitter in Spanish and English, explained that Bitcoin would be legal tender for all transactions, including paying taxes.

[FULL STORY HERE]

World Politics News is dedicated to raising Americans' knowledge of political events, elections, and legislation throughout the world.

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