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Sunday, November 27, 2022

El Salvador President Buy Bitcoin

The day before bitcoin is officially declared legal tender in El Salvador, the president announces that the country has bought 200 BTC and they plan on buying “a lot more.”

With this announcement, El Salvador officially becomes the first country in the world to put bitcoin on their balance sheet and hold it in their reserves. This historic moment comes just about three months after the government had voted on a bill to declare bitcoin as legal tender, which was ultimately signed into law. But will officially take effect after 90 days on September 7th, 2021.


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