On June 9, 2021, the Central American nation of El Salvador became the first country in the world to adopt Bitcoin (CRYPTO: BTC) as legal tender.
The move meant that Salvadoran residents could pay taxes in the apex coin and use it for transactions while making purchases.
At the time, President Nayib Bukele hailed the move and said that even if 1% of Bitcoin is invested in El Salvador, the nation’s GDP will rise by 25%.
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Full story available on Benzinga.com