Diabytes
Bitcoin to become legal tender in El Salvador on September 7
Salaries and pensions will continue to be paid in US dollars, said Bukele, without specifying if that included salaries paid to state workers and private sector employees.
- El Salvador`s Congress on June 9 approved Bukele`s proposal to embrace the cryptocurrency, making El Salvador the first country in the world to adopt bitcoin as legal tender.
- Salaries and pensions will continue to be paid in US dollars, said Bukele, without specifying if that included salaries paid to state workers and private sector employees.
- According to Athena Bitcoin`s website, the ATMs can be used to buy bitcoins or sell them for cash.
Trending Photos
7- 7
- 7
- 7
 "Bitcoin to become legal tender in El Salvador on September 7")
El Salvador`s President Nayib Bukele said in a national address on Thursday that a recently passed law making bitcoin legal tender will take effect on Sept. 7, noting that its use will be optional.
El Salvador`s Congress on June 9 approved Bukele`s proposal to embrace the cryptocurrency, making El Salvador the first country in the world to adopt bitcoin as legal tender.
"The use of bitcoin will be optional, nobody will receive bitcoin if they don`t want it... If someone receives a payment in bitcoin they can choose to automatically receive it in dollars," said Bukele.
Salaries and pensions will continue to be paid in US dollars, said Bukele, without specifying if that included salaries paid to state workers and private sector employees.
Earlier in the day Athena Bitcoin said it plans to invest over $1 million to install some 1,500 cryptocurrency ATMs in El Salvador, especially where residents receive remittances from abroad.
According to Athena Bitcoin`s website, the ATMs can be used to buy bitcoins or sell them for cash.
Stay informed on all the latest news, real-time breaking news updates, and follow all the important headlines in india news and world News on Zee News.
Live Tv
 "DNA: Anmol Bishnoi Seeks Asylum in the U.S.")
 "DNA: Adani Case - Corruption Allegations Rock Indian Markets")
 "DNA: Were Muslims Stopped from Voting in UP By-Elections?")
 "DNA: Who Did Maharashtra’s Muslims Vote For?")
 "DNA: Russia-Ukraine Conflict Escalates Amid Missile Attacks")
 "DNA: The Beer-Loving Buffalo Stuck in Bihar!")
 "DNA: Akhilesh and the Burqa Controversy in UP Elections")
 "DNA: Is the Opposition to ‘Bantenge To Katenge’ Part of a Larger Plan?")
 "DNA: RSS Master Plan: From Maharashtra to UP")
 "DNA: Bengal’s Waqf Property Controversy")
