Inside El Salvador’s Bitcoin experiment: Cointelegraph video report

Cointelegraph

Published Jul 27, 2021 11:30AM ET

Updated Jul 27, 2021 01:00PM ET

Last month, Bitcoin was adopted as legal tender in El Salvador, joining the U.S. dollar.

The country's new Bitcoin Law, which will be enforced starting Sept. 7, will allow Salvadorans to use Bitcoin (BTC) as a currency to purchase goods and services, as well as to pay taxes and debt.

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