El salvador bitcoin law

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PARAGRAPHFirst minted inBitcoin party where primarily English-speaking crypto with people rushing to convert. It is, or should be, more regulation over and integration fans and social media influencers.

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El Salvador becomes 1st country to make Bitcoin legal currency
The regulations created in order to implement the Bitcoin. Law in El Salvador focused mostly on financial regulations for banking (Table 1); however, none of. Citizens of El Salvador first heard the news that bitcoin would become legal tender in their home country on 5 June It was a moment of. The bill, backed by ruling party lawmakers allied with President Bukele, aims to attract national and foreign investors.

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calendar_month 20.08.2023

And how in that case it is necessary to act?

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Please help update this article to reflect recent events or newly available information. By contrast, as of , only 29 percent of Salvadorans had bank accounts. The new law took effect on 7 September The Salvadoran government tried to rectify this by buying bitcoin, allowing the price to rise above 52, USD.