On Wednesday, lawmakers in El Salvador passed a law that made bitcoin legal tender, making it the first country in the world to do so.
The cryptocurrency was trading at $37,176.44 at around 11:42 p.m. ET, up 13% from the previous 24 hours, according to CoinDesk data.
On Wednesday, lawmakers in the Central American country passed a law that made bitcoin legal tender. Among other things, it means prices can now be shown in bitcoin and tax contributions can be paid with the digital currency.to build the country's modern financial infrastructure using bitcoin technology.
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El Salvador becomes first country to adopt bitcoin as legal tender after passing lawLawmakers in the Central American country's Congress voted by a 'supermajority' in favor of the Bitcoin Law.
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El Salvador is one step closer to making bitcoin legal tender after proposing new lawIf approved by the legislative body, El Salvador would become the first nation in the world to give the bitcoin the status of legal tender.
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El Salvador becomes first country to adopt bitcoin as legal tenderJUST IN: El Salvador becomes the first country to adopt bitcoin as legal tender after lawmakers voted by a “supermajority.'
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El Salvador Makes History As World’s First Country To Make Bitcoin Legal TenderI am a London-based reporter for Forbes covering breaking news. Previously, I have worked as a reporter for a specialist legal publication covering big data and as a freelance journalist and policy analyst covering science, tech and health. I have a master’s degree in Biological Natural Sciences and a master’s degree in the History and Philosophy of Science from the University of Cambridge. Follow me on Twitter theroberthart or email me at rhartforbes.com
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El Salvador is the first country to adopt bitcoin as legal tenderEl Salvador has become the first country to adopt bitcoin as legal tender.
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El Salvador makes Bitcoin legal tenderSAN SALVADOR, El Salvador (AP) — El Salvador’s Legislative Assembly has approved legislation making the cryptocurrency Bitcoin legal tender in the country, the first country to do so, just days after President Nayib Bukele made the proposal at a Bitcoin conference.
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