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El Salvador becomes the first country to adopt “Bitcoin” as a legal currency

El Salvador-ALSHARQIYA  June 9: Legislators in the Salvadoran Congress voted overwhelmingly in favor of a law that considers bitcoin a legal currency to be the first country to officially adopt the currency

In an unprecedented move in the world, supported by President Najib Abu Kila, to promote the growth of the Central American country.

The law aims to make Bitcoin a legal currency without restrictions, with the power of unlimited payment in any transaction.

By law, bitcoin prices can be displayed, tax contributions paid in digital currency, and bitcoin exchanges will not be subject to capital gains tax.

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