This Country Just Made Bitcoin Legal Tender

Many countries and their central banks and governments have been slow to take to the popular cryptocurrency Bitcoin (CRYPTO: BTC), but not El Salvador.

The Central American country's Congress just voted to make Bitcoin legal tender, meaning that it must be accepted in the country when offered to repay a debt. El Salvador is the first country to take such measures.

The passing of the bill does not remove the U.S. dollar as legal tender. El Salvador's lead trade official said the law just allows people to choose to use Bitcoin instead of the dollar if they want. He also said that Bitcoin would be tied to the dollar exchange rate.

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Source Fool.com