In 2021 El Salvador passed Bitcoin law making Bitcoin legal tender requiring merchants and government to accept it for payments for services and taxes and becoming the first country to do so

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In 2021 El Salvador passed Bitcoin law making Bitcoin legal tender requiring merchants and government to accept it for payments for services and taxes and becoming the first country to do so

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12:00am, Friday, January 1, 2021

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In 2021, El Salvador became the first country to make the cryptocurrency legal tender alongside the U.S. dollar, which it adopted two decades earlier.
The 2021 law in El Salvador made Bitcoin (BTC) legal tender, meaning it became not just legal but mandatory for transactions. Merchants were required to accept Bitcoin, and the government started collecting payments such as taxes and fees in Bitcoin.

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Crypto news

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