El Salvador becomes first country to adopt Bitcoin as legal tender

El Salvador becomes first country to adopt Bitcoin as legal tender

El Salvador, a country in Central America, has officially recognised Bitcoin as a form of legal tender.

On Wednesday, lawmakers in the country voted in favour of a law proposed by El Salvador President Nayib Bukele for the Latin American nation to adopt Bitcoin.

Although three members of the legislature were absent during the exercise, 19 lawmakers opposed the bill, while 62 members voted in its favour.

Bukele said the new law will drive financial inclusion as an estimated 70 percent…

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El Salvador becomes first country to adopt Bitcoin as legal tender

 

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