El Salvador officially became the first country in the world to adopt bitcoin as legal tender on September 7, 2021. President Nayib Bukele pushed the Salvadoran Congress to pass the Bitcoin Law in June 2021. The bill stipulates that bitcoin can be used to pay for goods, services, taxes, etc., and is listed alongside the US dollar as legal tender. The Salvadoran government has since launched Chivo, a digital wallet that allows citizens to store and use bitcoin, and offers a $30 bitcoin reward to registered users. It has also deployed bitcoin ATMs across the country to facilitate transactions.
According to the website of the Ministry of Finance of El Salvador, El Salvador has increased its holdings of 8 bitcoin in the past 7 days, and its bitcoin holdings currently reach 6,291.18, worth more than 690 million US dollars.
El Salvador has adopted bitcoin as a legal tender for four years and currently holds 6,291.18 BTC.
2025-09-07 06:07:28
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