The El Salvador Congress supported the idea of making Bitcoin the official means of payment of the country: “for”
The purpose of this law is toregulate bitcoin as legal tender, not restrict any transactions with it that are required by government, individuals or legal entities.
The text of the law
Prices can now be set in bitcoins, tax payments can be paid in digital currency, and bitcoin exchanges will not be subject to capital gains tax.
The government of El Salvador is also based at the Bankdevelopment will create a crypto wallet, the value of tokens in which will reach $150 million. The US dollar will be used as the base currency for exchange transactions.
According to media reports, the law will enter into force 90 days after publication in the country's official gazette.
En la #SesionPlenaria7✍?, con 62 votos, #LaNuevaAsamblea aprobó la #LeyBitcoin con la que El Salvador adopta el #Bitcoin como moneda de circulación legal. pic.twitter.com/7IToTmnCwv
— Asamblea Legislativa (@AsambleaSV) June 9, 2021
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