El Salvador Approves Law Making Bitcoin Legal Tender - Bitcoin Magazine
Jun 09, 2021 32 secs

The law text also indicated that the exchange rate between BTC and the USD will be established freely by the market, tax contributions may be made in bitcoin, exchanges in bitcoin will not be subject to capital gains taxes and that every economic agent must accept BTC when offered unless they do not have access to the technology that would allow them to do so.

It’s not immediately clear what platforms or services El Salvador may leverage to help its citizens onboard to Bitcoin, but Jack Mallers, the founder of Lightning Payments platform Strike, helped Bukele announce this forthcoming law at the Bitcoin 2021 event last week.


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