El Salvador has become the first country in the world to adopt bitcoin as a legal currency that can be used for payment currencies. Which gives support to “Bitcoin”, the most famous digital currency in the world.
The agency “Novosti” reported that the Legislative Council (Parliament) in El Salvador approved a law allowing the use of the “Bitcoin” currency as a payment tool, and the law will enter into force within a few months.
Now, the law is supposed to be submitted to the President of El Salvador, Naguib Boukeleh, for his signature, and the move received the support of the El Salvadorian president.
After the entry into force of the law, citizens of El Salvador will be able to use “Bitcoin” like the US dollar in the country, and the prices of goods will also be displayed in “Bitcoin”, and it will be possible to use the digital currency to pay taxes.