Bitcoin

El Salvador agrees to legal tender for Bitcoin

According to an announcement by President Nayib Bukele, the Congress of El Salvador has approved a law regulating bitcoins as legal tender. he is announce it 62 out of 84 votes in favor of the measure.

Invoice text The boss also shared it He noted that the purpose of the law is to “regulate bitcoins as legal tender unfettered by liberating power, unlimited in any transaction, and any property right required by public or private natural or legal persons.”

The text of the law also indicated that the exchange rate between BTC and the US dollar would be freely set by the market, tax contributions might be made in Bitcoin, Bitcoin exchanges would not be subject to capital gains taxes and that every economic agent must accept BTC when offered unless They have access to technology that would allow them to do so.





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