El Salvador Buys 200 Bitcoins as the Digital Currency Becomes Legal Tender - "El Sal...

Decoded: Technology Law Insights, Volume 2, Issue 18 | Spilman Thomas & Battle, PLLC – JDSupra – JD Supra

El Salvador Buys 200 Bitcoins as the Digital Currency Becomes Legal Tender - "El Salvador became the first country to adopt bitcoin as a national currency, kicking off a radical monetary experiment that could pose risks to the fragile economy." Why this is important: The world’s first nationwide digital asset experiment has begun, as El Salvador is officially the first country to consider a digital asset a national currency. “The law designating bitcoin as legal tender says that all ‘economic agents' shall accept [it] as payment [and] … that tax payments can be made in bitcoin." While some are excited …

 

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