Photo: Blockworks
El Salvador Becomes World's 1st Country To Make Bitcoin A Legal Tender
El Salvador on June 9 became the world’s first country to accept Bitcoin as a legal tender and mandated all goods and services to accept the cryptocurrency. The government also assured backstop for the services that are skeptical about the volatility of cryptocurrency by allowing its convertibility and deposit options. Touting Bitcoin’s capability to help Salvadorans abroad to send remittances back home, President Bukele discussed the possibility of Bitcoin mining.
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