XPAY KNOWLEDGE
Industry WIKI
Digital assets and currencies
Understand assets, networks and trading mechanics with sources you can check.
Trading basics
Bitcoin and politics
Bitcoin and politics influence each other in several ways. Governments of several countries use Bitcoin in various capacities, and some politicians use Bitcoin in their electoral programs.
Trading basicsBitcoin Law
The Bitcoin Law (Spanish: Ley Bitcoin, pronounced [ˈlej biðˈkojn]) was passed by the Legislative Assembly of El Salvador on 8 June 2021, giving the cryptocurrency bitcoin the status of legal tender within El Salvador after 7 September 2021. It was proposed by President Nayib Bukele. The text of the law stated that "the purpose of this law is to regulate bitcoin as unrestricted legal tend