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El Salvador has had Bitcoin as legal tender for four years and currently holds 6,291.18 BTC

Sep 07, 2025 13:55:04

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ChainCatcher news, El Salvador officially became the first country in the world to adopt Bitcoin as legal tender. President Nayib Bukele pushed the Salvadoran Congress to pass the "Bitcoin Law" in June 2021, which stipulates that Bitcoin can be used to pay for goods, services, taxes, etc., alongside the US dollar as legal tender.

The Salvadoran government subsequently launched the digital wallet "Chivo," allowing citizens to store and use Bitcoin, and offered a $30 Bitcoin reward to registered users. It also deployed Bitcoin ATMs nationwide to facilitate transactions. According to data from the Salvadoran Ministry of Finance's website, El Salvador has accumulated 8 Bitcoins in the past 7 days, bringing its total Bitcoin holdings to 6,291.18 Bitcoins, valued at over $690 million.

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