El Salvador becomes first country to adopt bitcoin as national currency

El Salvador becomes first country to adopt bitcoin as national currency

Daily Current Affairs / El Salvador becomes first country to adopt bitcoin as national currency

Change Language English Hindi

Category : International Published on: September 12 2021

Share on facebook

· 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

Recent Post's

Union Minister Shri Bhupendra Yadav chaired the meeting of the Parliamentary Consultative Committee of MoEFCC in Coimbatore, Tamil Nadu.
Read More....
Telangana signs agreement with Skyroot to establish India's first integrated rocket facility with a ₹500 crore investment.
Read More....
The Department for Promotion of Industry and Internal Trade (DPIIT) has partnered with Apna to provide a hiring credit of ₹2,000 to registered startups.
Read More....
Manipur Governor Ajay Kumar Bhalla reviewed the 'Nikh-Shay' and Pradhan Mantri TB Mukt Bharat Abhiyan, which emphasized on a 100-day campaign to eradicate tuberculosis (TB) in India by 2025.
Read More....
Kerala's Chief Minister Pinarayi Vijayan launched the 'KaWaCHaM' early warning system, featuring 126 sirens and 93 emergency centres for alerts via SMS, social media, and sirens.
Read More....
Angel One has named Ambarish Kenghe as its Group Chief Executive Officer, effective March 2025.
Read More....
Union Minister Shri Bhupender Yadav addressed SIAM’s 3rd International Conference on Sustainable Circularity in New Delhi.
Read More....
Ministry of Women and Child Development to celebrate the 10th anniversary of the Beti Bachao Beti Padhao scheme.
Read More....
World Bank Neutral Expert affirms competence to adjudicate Indus Water Treaty dispute.
Read More....
10th Anniversary of Beti Bachao Beti Padhao: Scheme celebrates a decade of progress with significant advancements in gender equality.
Read More....