Bitcoin To Rival US Dollar As A Free-Use Currency With Historic First Legal Tender

Bitcoin To Rival US Dollar As A Free-Use Currency With Historic First Legal Tender
In a historic first for cryptocurrencies, the Legislative Assembly of El Salvador has officially registered the much-anticipated Bitcoin bill into law, giving Bitcoin the status of legal tender for day-to-day transactions and government expenditure.
Termed the “Bitcoin Law”. the new bill received 62 votes at today’s session of the El Salvador Legislative Assembly, almost 2 hours after the South American country’s President, Nayib Bukele, announced that he had introduced a draft of the bill to the Assembly for consideration.
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With the new BTC regulation, El Salvador is the first country to recognize Bitcoin as a legal tender, a feat that also puts the world-famous cryptocurrency on par with the U.S. dollar as a currency of free use and mandatory acceptance throughout the Salvadorian country.

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