What El Salvador adopting bitcoin as legal tender means for investors2 min read . Updated: 09 Jun 2021, 03:35 PM IST
- According to experts, EI Salvador's decision to make bitcoin a legal tender will boost financial inclusion in their country as majority of the population does not have access to formal banking channels
El Salvador, in a historic move on Wednesday, became the first country in the world to officially adopt bitcoin as the legal tender. The Latin American nation’s Congress approved President Nayib Bukele's proposal to embrace the cryptocurrency with 62 out of 84 possible votes.
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