TechBriefly
  • Tech
  • Business
  • Crypto
  • Science
  • Geek
  • How to
  • About
    • About TechBriefly
    • Terms and Conditions
    • Privacy Policy
    • Contact Us
    • Languages
      • 中文 (Chinese)
      • Dansk
      • Deutsch
      • Español
      • English
      • Français
      • Nederlands
      • Italiano
      • 日本语 (Japanese)
      • 한국인 (Korean)
      • Norsk
      • Polski
      • Português
      • Pусский (Russian)
      • Suomalainen
      • Svenska
  • FAQ
    • Articles
No Result
View All Result
 Hot Topics:
  • Funny notes on Instagram
  • What is Snapchat planets order?
  • Best free AI art generators
  • Instagram Notes ideas
  • Elon Musk & Twitter
TechBriefly
No Result
View All Result
Home Business

El Salvador became the first country to approve bitcoin as legal tender

by Barış Selman
9 June 2021
in Business, Fintech
Reading Time: 1 min read
El Salvador, the first country to approve bitcoin as legal tender
Share on FacebookShare on Twitter

El Salvador becomes the first country in the world to officially authorize the use of bitcoin as legal tender for exchanges after the legislation for its adoption received the support of 62 of the 84 votes of the Assembly.

“In plenary session 7, with 62 votes, the new Assembly approved the ‘Bitcoin Law’, with which El Salvador adopts bitcoin as legal tender,” said the Salvadoran body, which stressed that the plenary has supported each of the 16 articles of the project.

The vote has been applauded by the country’s president, Nayib Bukele, who said that the country makes “history”. “The ‘Bitcoin Law’ has just been approved by a qualified majority in the Legislative Assembly. 62 out of 84 votes!” he has highlighted.

El Salvador, the first country to approve bitcoin as legal tender
El Salvador, the first country to approve bitcoin as legal tender

The law approved by the body states that the use of this cryptocurrency will be “unrestricted with liberatory and unlimited power in any transaction and any title that natural or legal public or private persons want to carry out”.

It also establishes that the exchange rate between the dollar and bitcoin will be established by the market itself, although for accounting purposes the dollar will continue to be used as a reference, as reported by the Salvadoran newspaper ‘La Prensa Gráfica’.

The proposal was unveiled over the weekend by the Minister of Economy, María Luisa Hayem, in the framework of a global conference on this cryptocurrency held in the U.S. city of Miami.

Tags: El SalvadorfeaturedfintechFirstlegal

Related Posts

Selling cars becomes easier with Google vehicles for sale

Selling cars becomes easier with Google vehicles for sale

IBM layoffs

IBM layoffs will affect 3.900 employees

Apple Search

Is Apple Search replacing Google?

Google antitrust lawsuit

Google antitrust lawsuit filed by Justice Department

POPULAR

Soldier poet king quiz TikTok
Social Media

Soldier poet king quiz: TikTok trend explained

ai music generator open ai jukebox
AI

AI music generators take on a whole new dimension with Open AI Jukebox

Fortnite Rarity Check Augment
How to

Fortnite Rarity Check Augment explained

What is Snapchat planets order?
How to

What is Snapchat planets order?

Witcher 3 manual save not working
How to

Witcher 3 manual save not working: How to fix it?

Bane of Dragons ESO
How to

Bane of Dragons ESO: How to complete the quest?

Division 2 crashing: How to fix it (2023)?
How to

How to fix Division 2 if it keeps crashing in 2023?

ChatGPT is at capacity right now: Too many requests in 1 hour try again later (Fixed)
How to

Too many requests in 1 hour try again later (Fixed): ChatGPT is at capacity right now

How to hide retakes on BeReal?
How to

How to hide retakes on BeReal?

Instagram links not working 2023: How to fix it?
How to

Instagram links not working 2023: How to fix it?

RSS Digital Report

  • Tips and tools for DIY digital marketing
  • Rundown of Uber’s marketing strategy
  • Tips and tricks for chatbot marketing
  • The Forex movement in 2023 vs crypto
  • How big companies are using AI in marketing?
  • Get the best features of public and private platforms with hybrid blockchains
  • Best SEO practices for financial services to improve Google rankings
  • How much do SEO specialists make?
  • A comprehensive guide on ethical SEO to boost rankings
  • SEO: How does page speed affect your rankings?

RSS Latest from LeaderGamer

  • Stardew Valley developer reveals new information about Witchbrook
  • Wordle TR 30 Ocak 2023 günün cevabı
  • Horizon Forbidden West Multiplayer Alpha gameplay footage released
  • Hogwarts Legacy won’t leave much freedom in wand choice
  • En iyi bilim kurgu filmleri – En iyi 20 bilim kurgu filmleri
  • Former Valve employees talk about internal issues
  • Problem with Diablo 4 release date
  • What is Google AdSense?
  • Dead Space Impossible mode rewards
  • Hint for Dead Space 2 Remake is in Dead Space
TechBriefly

© 2021 TechBriefly is a Linkmedya brand.

  • Tech
  • Business
  • Science
  • Geek
  • How to
  • About
  • Privacy
  • Terms
  • Contact
  • LeaderGamer
  • FAQ

Follow Us

No Result
View All Result
  • Tech
  • Business
  • Crypto
  • Science
  • Geek
  • How to
  • About
    • About TechBriefly
    • Terms and Conditions
    • Privacy Policy
    • Contact Us
    • Languages
      • 中文 (Chinese)
      • Dansk
      • Deutsch
      • Español
      • English
      • Français
      • Nederlands
      • Italiano
      • 日本语 (Japanese)
      • 한국인 (Korean)
      • Norsk
      • Polski
      • Português
      • Pусский (Russian)
      • Suomalainen
      • Svenska
  • FAQ
    • Articles