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IPFS News Link • Bitcoin

"It Won't Be The Last" - El Salvador Passes Bill To Make Bitcoin Legal Tender

• Zero Hedge

After a tempestuous day where once again the death of crypto was heralded by many, this morning has seen buyers return amid an upsized MSTR bond deal (amid very heavy demand) and El Salvador passing a bill (which we previewed here) to become the first nation to make bitcoin legal tender.

The president of El Salvador's bill to make Bitcoin legal tender in El Salvador passed congress with a supermajority just before 6 am UTC.

As CoinTelegraph's Brian Quarmby reports, in a Twitter Spaces conversation that began just after 5 am UTC with 22,000 listeners, President Nayib Bukele said he would sign off on the historic law later tonight or first thing tomorrow.

"It goes into effect immediately," he said, clarifying the government would allow 90 days for the infrastructure to be put into place.