El Salvador has passed a law which makes Bitcoin an official currency in the country. By law, citizens can use bitcoin in any of the payment of taxes on debts or purchases of goods and services.
The move was strongly supported by the country’s president Nayib Bukele who saw it as a way to help those who do not have access to banks or want to send money in and out of the country.
62 out of 84 deputies voted in favor of the law but it is worth noting that Bukele has great political power in the country where his party constitutes the largest parliamentary majority.
While bitcoin will become an official currency, it will not be the only one because the US dollar which has been the main currency instead will remain as an option as well. / PCWorld Albanian
