Bitcoin to become legal tender in El Salvador on Sept 7

June 25, 2021

Women buy at a store at El Zonte Beach in Chiltiupan, El Salvador June 10, 2021. Picture taken June 10, 2021. REUTERS/Jose Cabezas/Files

SAN SALVADOR, June 24 (Reuters) - El Salvador's President Nayib Bukele said in a national address on Thursday that a recently passed law making bitcoin legal tender will take effect on Sept. 7.

El Salvador's Congress on June 9 approved Bukele's proposal to embrace the cryptocurrency, making El Salvador the first country in the world to adopt bitcoin as legal tender. read more

Reporting by Nelson Renteria in San Salvador; Writing by Anthony Esposito; Editing by Christian Schmollinger

Our Standards: The Thomson Reuters Trust Principles.