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El Salvador has voted to adopt Bitcoin as legal tender.
El Salvador becomes the first country to approve Bitcoin as legal currency
Saqib Shah·Contributing Writer
Wed, June 9, 2021, 8:04 AM
El Salvador's President Nayib Bukele has made good on his promise to adopt Bitcoin as legal tender. Officials in the Central American country's congress voted to accept the cryptocurrency by a majority of 62 out of 84 votes, reports CNBC. In a worldwide first, El Salvador will accept Bitcoin as legal tender alongside the US dollar in 90 days, according to the BBC. The law effectively means the cryptocurrency can be used as payment for goods or services unless a business cannot provide the tech required to facilitate the transaction.
The #BitcoinLaw has been approved by a supermajority in the Salvadoran Congress.
62 out of 84 votes!