{"id":4732,"date":"2021-09-13T14:43:38","date_gmt":"2021-09-13T14:43:38","guid":{"rendered":"https:\/\/atozcrypto.org\/?p=4732"},"modified":"2021-09-13T14:43:38","modified_gmt":"2021-09-13T14:43:38","slug":"el-salvador-made-history-legalized-bitcoins-as-tenders","status":"publish","type":"post","link":"https:\/\/atozcrypto.org\/el-salvador-made-history-legalized-bitcoins-as-tenders\/","title":{"rendered":"El Salvador made history: Legalized Bitcoins as Tenders"},"content":{"rendered":"
Nayib Bukele, the President of El Salvador announced the purchase of 400 Bitcoins. This falls in line with the country’s plan to make Bitcoins legal tenders. Bukele announces news about purchasing 200 Bitcoins, followed by another announcement of purchasing an additional 200 Bitcoins.
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\nAfter the announcement, Bitcoin’s price rallied upwards towards $52,000. The country, one of the poorest ones in the West, decided to legalize the usage of Bitcoin tenders on Tuesday.
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\nBukele faced much opposition and criticism from the national (ARENA-Nationalist Republican Alliance) and international communities, but he stood his ground. These communities accused him of destroying national wealth, and budgets.<\/p>\n