El Salvador: Implemented Bitcoin Law introducing Bitcoin as legal tender
Description
Implemented Bitcoin Law introducing Bitcoin as legal tender
On 7 September 2021 El Salvador implemented the Bitcoin Law, which was adopted on 8 June 2021. The law introduced Bitcoin as legal tender of the country. Consequently, all prices may be denominated in Bitcoin and even taxes can be paid in Bitcoin. A…
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
legislature
Government Body
parliament