'El Salvador' Becomes World's First Country To Officialise Bitcoins

While addressing on June 24, El Salvador President Nayib Bukele announced that the recently passed Bitcoin legalisation law will come into effect from September 7. "The use of bitcoin will be optional, nobody will receive bitcoin if they don't want it...,” said Bukele. El Salvador has become the first country to officialise cryptocurrency owing to the huge bitcoin payments that citizens send from abroad.