The Congress of El Salvador has formally approved the government’s ‘Bitcoin Law’ by a qualified majority, making the Central American nation the world’s first country to officially adopt a cryptocurrency as legal tender. Announcing the approval of the law on Tuesday by a 62-vote majority, El Salvador’s President Nayib Bukele described the moment as “history,” a sentiment shared by the country’s legislative assembly’s Twitter account. Romeo Auerbach, the deputy of the Grand Alliance for National Unity party, suggested that embracing cryptocurrencies will “put El Salvador on the world’s radar” and make the nation “more attractive for for
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