Daily Current Affairs / El Salvador becomes first country to adopt bitcoin as national currency
Category : International Published on: September 12 2021
· El Salvador has become the first country in the world to accept bitcoin as legal tender.
· The government of El Salvador claimed that the move would give many citizens of the country access to bank services for the first time. Furthermore, trading in cryptocurrency will help the country save about $400 million in fees that are levied by banks and financial institutions on money sent home by expats.
Important facts
About El Salvador
v El Salvador, officially the Republic of El Salvador, is a country in Central America. It is bordered by Honduras to the northeast, Guatemala to the northwest, and the Pacific Ocean to the south.
v Capital: San Salvador
v President: Nayib Bukele
US President Donald Trump announced a new ‘Trump-class’ of heavily armed warships to modernise and expand the US Navy amid concerns over China’s growing naval power.
Read More....Advocate Shubham Awasthi was honoured with the 40 Under 40 Lawyer Award 2025 for his professional excellence and humanitarian contributions.
Read More....Oman has introduced its first polymer one-rial banknote, issued by the Central Bank of Oman, to enhance currency durability and security.
Read More....The NSSH Scheme of the MSME Ministry promotes SC/ST entrepreneurship by providing capacity building, market access and support for mandatory 4% public procurement.
Read More....Kisan Diwas is celebrated on 23 December every year to honour farmers’ contributions and mark the birth anniversary of Chaudhary Charan Singh.
Read More....India has excluded the dairy sector from its free trade agreement with New Zealand to protect small domestic dairy farmers.
Read More....India handed over three Quick Impact Projects (QIPs) to Myanmar’s Mandalay Region to boost vocational education, women’s training, and clean energy initiatives.
Read More....Supreme Court defines Aravalli Hills uniformly, emphasizing ecological and geological conservation across Gujarat, Rajasthan, Haryana, and Delhi.
Read More....JNCASR researchers discover the exocyst protein complex, a key regulator of cellular autophagy, with implications for neurodegenerative diseases and cancer.
Read More....India exported 3 metric tonnes of GI-tagged Indi Lime from Karnataka to Oman, enhancing global market access under the India-Oman CEPA/FTA.
Read More....
