The cost of bitcoin on the Binance crypto exchange increased by 5% and reached $34.5 thousand, with its capitalization increasing to $643 billion. The increase happened after El Salvador became the first country in the world to recognize bitcoin as an official means of payment.
El Salvador’s Legislative Assembly has approved a law allowing bitcoin to be used as the country’s legal tender.
Previously, it was reported that the President of El Salvador Nayib Bukele sent the relevant law to the parliament for consideration.
As reported on the website of the legislative body, 62 out of 84 deputies voted for the adoption of the law. Thus, El Salvador became the first country in the world to legalize bitcoin as a means of payment.
“We did it,” the head of the assembly, MP Ernesto Castro, wrote on Twitter after the vote. “The Bitcoin law was approved by a qualified majority of 62 out of 84!”