Crypto Watch: El Salvador Becomes First Country To Declare Bitcoin As Legal Tender

In a major development, El Salvador has become the first nation in the world to adopt Bitcoin as legal tender, reports Moneycontrol. The country has also bought its first 400 bitcoins in two tranches of equal sizes.

This comes after the Parliament of El Salvador had in June passed a law allowing the crypto money to be accepted as tender for all goods and services in the small Central American nation, along with the US dollar.

Taking to Twitter, President Bukele said, “Tomorrow, for the first time in history, all the eyes of the world will be on El Salvador. #Bitcoin did this.”