Which is the first country to make bitcoin legal currency?

Which is the first country to make bitcoin legal currency?

Wich country that makes bitcoin a legal currency and has attracted public attention?

Bitcoin is a cryptocurrency that has no currency yet and its price has risen sharply since last year due to the corona virus but now a country wants to make it a legal currency.

El Salvador is set to become the first country in the world to have a legal tender for bitcoin.

The Latin American country has enacted a law that allows citizens to use bitcoins for anything, including paying taxes, buying goods and services and paying off debts.

The move is the result of efforts by Vice President Buckley, who said it would help people who do not have access to banks or who want to send money abroad.

However, critics say the move is a sign of significant change and self-deception.

The plan was approved on June 8, announced by the president during the Bitcoin Conference in Miami.

In El Salvador, Bitcoin will become the official currency over the next 3 months and will be able to compete with the US dollar, which is currently the only currency in the Latin American country, but will remain so?

Although President Buckley said citizens should consider Bitcoin as an asset rather than a dollar, the law states that citizens can exchange two currencies at any time and use the U.S. dollar as a reference currency.

Although every citizen will be able to use bitcoin under the law, it will not be mandatory for those who do not have access to technology.

The law says the government will improve the training and mechanisms needed to use Bitcoin in the population.

Surprisingly, El Salvador does not come in the top 10 countries in Bitcoin mining, but rather has a share of 0.00 percent of it.

However, according to the president, the state-owned power company has been instructed to provide cheap electricity for Bitcoin mining.