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September 27, 2021

El Salvador Approves Bitcoin as Legal Tender

Last month, El Salvador became the first country to approve Bitcoin as legal tender. This is extremely bullish for Bitcoin and cryptocurreny as an industry. The country will actively support Bitcoin by mandating that merchants accept Bitcoin, supporting clean mining of Bitcoin as well as deploy a $150M fund to purchase Bitcoin. El Salvador is also working to utilize the Lightning Network to make cheap, fast transactions.

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