El Salvador became the first country to accept the bitcoin

El Salvador became the first country to accept the Bitcoin

El salvador accept the BTC

The Central American country of El Salvador legalized the bitcoin, making it the first country in the world to accept the bitcoin.

 Experts fear that El Salvador's move will increase money laundering around the world, while some say it will lead to billions of dollars in investment in El Salvador and further development of the country. 

El Salvador's vice president said that the tax imposed on remittances would save El Salvador significant sums of money. The youth of the country have expressed their happiness over this decision. 

After El Salvador's decision, it remains to be seen how much the decision will benefit or harm El Salvador, but it will be of great benefit to those in the current bitcoin industry, as El Salvador's decision will value bitcoin. And the price will increase dramatically.