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El Salvador approves the use of Bitcoin as an exchange currency

RIO DE JANEIRO, BRAZIL - The Legislative Assembly of El Salvador, with a pro-government majority, approved on Tuesday the Bitcoin Law, which will allow the legal course of this cryptocurrency, making the Central American country the first in the world to recognize this crypto asset as a legal currency of exchange.

The initiative, which only establishes the legal tender of bitcoin and not of other cryptocurrencies or the underlying projects, was approved by 62 of the 84 deputies in the Parliament and will enter into force 90 days after its publication the Official Gazette.

According to the decree, the purpose . . .

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