Express

El Salvador Purchases First 200 BTC, President Nayib Bukele Confirms

Amy Liu

Summary: El Salvador president Nayib Bukele confirmed Monday that his government has purchased its first 200 Bitcoin (BTC) ahead of the Sept. 7 rollout of a new law set to make the cryptocurrency legal tender. “Our brokers will be buying a lot more as the deadline approaches,” Bukele said, referring to the Sept. 7 timetable for ...

El Salvador president Nayib Bukele confirmed Monday that his government has purchased its first 200 Bitcoin (BTC) ahead of the Sept. 7 rollout of a new law set to make the cryptocurrency legal tender. “Our brokers will be buying a lot more as the deadline approaches,” Bukele said, referring to the Sept. 7 timetable for fully implementing the new BTC legislation. In June of this year, El Salvador became the first country in the world to recognize Bitcoin as legal tender.

By Amy Liu

Last Update:

Tags: ,,
Link: El Salvador Purchases First 200 BTC, President Nayib Bukele Confirms   [Copy]
Next:

Related Articles

  • Figma's IPO Triumph and Crypto Bet: How a Design Disruptor Stunned Wall Street After a ... 2 days ago
  • When Stablecoins Tear Down Banks’ Interest Margin Moats — A Third Look at the U.S. “Ge... 4 days ago
  • Twitter Space Highlight: Is Altcoin Season Coming? Unpacking BTC, Institutions & RWA 5 days ago
  • BTC Weekly: Momentum Top Divergence Signals Potential Shift Lower 6 days ago
  • The GENIUS Act & Stablecoin Regulation: BRG's Dominic Zagara on Crypto's Defining ... 9 days ago

    • You need to login to comment.