Enlarge / Nayib Bukele, president of El Salvador.
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Bitcoin’s price has plunged in recent days, briefly falling below $30,000 on Monday evening and again on Wednesday morning. Nayib Bukele, the bitcoin-boost…
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Last week, El Salvador’s government passed a law to accept bitcoin as legal tender alongside the US dollar. The country receives $6 billion in remittances per year—nearly a quarter of its gross domestic product…
Enlarge / El Salvador now says both US dollars and bitcoin are legal tender.
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On Wednesday, El Salvador’s president signed into law a proposal to adopt bitcoin as legal tender, making the Central American nation…