Tuesday, December 7, 2021

El Salvador Buys 400 Bitcoin on Eve of It Becoming Legal Currency

El Salvador has purchased 400 bitcoin — roughly $20.9 million — one day before the cryptocurrency is adopted as a legal currency.

El Salvador passed a law in June adopting bitcoin as legal tender, making it the first country to do so. One the eve of the law going into effect, the country has purchased 400 bitcoin.

Salvadoran President Nayib Bukele announced the purchase on Twitter.

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