El Salvador passes law on cryptocurrency transfers | The Guardian Nigeria News - Nigeria and World News

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El Salvador passes law on cryptocurrency transfers | The Guardian Nigeria News - Nigeria and World News
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El Salvador's legislative assembly on Wednesday approved a digital assets law aimed at legally protecting transfers or debt issues with cryptocurrencies.

El Salvador’s legislative assembly on Wednesday approved a digital assets law aimed at legally protecting transfers or debt issues with cryptocurrencies.

El Salvador was the first country to adopt bitcoin as a legal currency in September 2021, using it along with the US dollar, which it adopted as its currency in 2001.“El Salvador’s Legislative Assembly has just approved, by an overwhelming majority, the new Digital Securities Law! Forward, always forward,” wrote President Nayib Bukele o Twitter.

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