First country in world made Bitcoin to a legal payment facility

Salvador became the first country in the world, which accepted Bitcoin as a legal means of payment. Such a law was adopted by the Congress of the country, writes CNBC.

In order to make a cryptocurrency with a payment facility, 62 out of 84 legislators voted. “The goal of this law is to regulate Bitcoin as a legitimate payment facility, not limit any transactions with it, which are required by state, individuals or legal entities,” the law says.

Now prices can be installed in bitcoins, tax contributions can be paid in digital currency, and exchanges in bitcoins will not be taxed on capital gains. According to the law, the exchange rate for the dollar will be freely installed by the market. ” Also, the state intends to “promote the necessary training and mechanisms that the population can access transactions with Bitcoins.”

Earlier, the President of the country NIIB BUKEL said that such a measure would allow for the shortest possible time to create new jobs in the country and help to provide access to financial investments to many people.

/Media reports.