On June 9, 2021, the Legislative Assembly of El Salvador voted to adopt the Bitcoin Law, that would make the cryptocurrency legal tender in the country, with a majority vote of 62 of the 84 deputies in favor. [20] The government announced that it had set aside $150 million in cash to back the country's bitcoin. [21]

Jan 28, 2025 · He stressed that continuing to treat Bitcoin as a store of value will position El Salvador at the forefront of Bitcoin adoption globally. Keiser believes that the country’s success could inspire others to adopt Bitcoin not just as a tool for payments but as a foundation for building more equitable, decentralized economies. El Salvador’s ...

Dec 6, 2024 · El Salvador's President Nayib Bukele is triumphant about his big bet on bitcoin as the cryptocurrency reached historic highs, surpassing $100,000 for the first time. Menu World

Sep 14, 2024 · In June 2021, El Salvador made headlines by becoming the first country to adopt Bitcoin as legal tender, a bold experiment initiated by its president, Nayib Bukele. Since El Salvador’s decision to make Bitcoin legal tender, the country now has a holding of 5,746 Bitcoin and is committed to purchasing one Bitcoin daily under its “1 Bitcoin a ...

Sep 7, 2021 · MEXICO CITY — El Salvador on Tuesday became the first country to adopt Bitcoin as legal tender, allowing the cryptocurrency to be used in any transaction, from buying a cup of coffee to...

Jun 27, 2021 · El Salvador’s adoption of bitcoin shows the intersect of economics and politics, how domestic politics shape groups and individuals towards policy outcomes that can affect the...

Oct 9, 2024 · In September 2021, El Salvador became the first country to adopt Bitcoin as legal tender, a decision that shook the global financial landscape. President Nayib Bukele’s move...

Jun 9, 2021 · El Salvador became the first country in the world to adopt bitcoin as legal tender after Congress on Wednesday approved President Nayib Bukele's proposal to embrace the cryptocurrency, a move...

Sep 7, 2024 · El Salvador became the world’s first country to adopt Bitcoin (BTC) as legal tender three years ago, on Sept. 7, 2021, to promote financial inclusion, facilitate more efficient remittance...

Jun 9, 2021 · El Salvador has become the first country to make bitcoin legal tender, a move President Nayib Bukele hailed as a historic step towards financial inclusion and economic growth for the poor...