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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El Salvador's 2021 Bitcoin law required merchants to accept Bitcoin as payment. However, many Salvadoran businesses lacked the necessary infrastructure to do so, and the law did not address this gap
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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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El Salvador's 2021 Bitcoin law required merchants to accept Bitcoin as payment. However, many merchants were reluctant to comply due to concerns over its price volatility
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