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El Salvador's adoption of Bitcoin as legal tender
On 7 September 2021, El Salvador became the first country to adopt bitcoin as legal tender, through a law passed by the Legislative Assembly. The Central Bank drew up technical standards to determine how the initiative would function, and the government provided citizens with a digital wallet and launched an educational program to inform the public about its roll-out.
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Updated 2021-11-04
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Cryptoeconomics
Economics
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