Concept

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.

0

1

Updated 2021-11-04

Tags

Cryptoeconomics

Economics

Social Science

Empirical Science

Science