Bitcoin jumps more than 13% after El Salvador passes law to adopt it as legal tender

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Bitcoin jumps after El Salvador passes law to adopt it as legal tender

The cryptocurrency jumped more than 13% to trade above $37,000 before settling lower at $36,435.96 at about 4:48 a.m. ET, according to CoinDesk data.

On Wednesday, lawmakers in the Central American country passed a law that made bitcoin legal tender. Among other things, it means prices can now be shown in bitcoin and tax contributions can be paid with the digital currency.to build the country's modern financial infrastructure using bitcoin technology.

 

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Less than half of el Salvadorans have access to quality internet. This is meaningless.

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Bitcoin will not be legal tender in El Salvador. Strike will. Which facilitates transactions in fiat. Nothing. Has. Changed.

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