El Salvador became the first country to legalize the use of Bitcoin. Because the majority of local authorities approve the Bitcoin law.
President Nayib Bukulele announced the decision on his Twitter account. The congressmen who agreed reached 62 out of 84 voters, he called it a super majority,
Previously, Bukulele submitted Bitcoin laws to state congresses to vote for. The rule aims to make Bitcoin a legal payment.
A number of transactions are set to be used by Bitcoin. For example prices can be displayed in Bitcoin, as well as tax contributions can be paid with the digital currency.
Bitcoin is known as a currency whose value can change wildly. Many criticize and say it is not suitable to be an effective currency.