El Salvador Will Be The First Country In The World That Recognizes Bitcoin
Written by DJ Sight on June 11, 2021
Cryptocurrency has been one of the biggest things people around the world have been investing in with Bitcoin being one of the popular Crypto Currencies.
El Salvador has just became the first country in the world to recognize Bitcoin as a legal tender.
Earlier this week of El Salvador passed the law after the country’s Congress approved the proposal to recognize Bitcoin.
90 days from when the law was passed the Bitcoin dollar exchange rate will be set by the market. There’s no word yet if any other countries will follow El Salvador’s move.
It will be interesting to see if this law will increase or decrease the value of Bitcoin.
https://www.wsj.com/articles/el-salvador-becomes-first-country-to-approve-bitcoin-as-legal-tender-11623234476
