El Salvador declares bitcoin as legal tender, becomes world’s first country
El Salvador has declared bitcoin as legal tender and has become the first country in the world who has granted a legal tender status to bitcoin.
- The use of bitcoin as legal tender will become law in 90 days. due to this, El Salvador’s citizens who are working abroad will be able to send money back home in bitcoins.
- This move will generate financial inclusion, investment, tourism, innovation and economic development in the country.
Which country has declared bitcoin as legal tender
Ans: El Salvador
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