Following a supermajority decision, Bitcoin is now officially legal tender in El Salvador.

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Following a supermajority decision, Bitcoin is now officially legal tender in El Salvador.

After 62 out of 84 votes in favor, Bitcoin has been declared legal money in El Salvador.

El Salvador, a small country, has moved on with its plans and kept its word to embrace Bitcoin as legal cash.

  • El Salvador’s president, Nayib Bukele, took to Twitter to announce that the law establishing Bitcoin as legal cash in the country has been enacted by a supermajority vote.
  • A total of 62 of the 84 votes cast were in favor.

A supermajority in the Salvadoran Congress has ratified the #BitcoinLaw.

62 out of 84 people voted!

#Btc #Btc #Btc #Btc #Btc #

  • June 9, 2021 Nayib Bukele sv (@nayibbukele)

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  • For those who are curious, bitcoin’s acceptance as legal money means that no one has the authority to deny payment in BTC.
  • Despite the fact that BTC is accepted by numerous providers in many countries, El Salvador is the first country to do so on a nationwide basis.
  • The move further legitimizes bitcoin as a currency, and many experts feel it sets a precedent for others to follow.

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