{"id":49005,"date":"2021-09-07T10:13:05","date_gmt":"2021-09-07T07:13:05","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=49005"},"modified":"2025-09-02T10:28:25","modified_gmt":"2025-09-02T07:28:25","slug":"el-salvador-legalises-bitcoin-as-government-buys-550-btc","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/el-salvador-legalises-bitcoin-as-government-buys-550-btc\/","title":{"rendered":"El Salvador legalises Bitcoin as government buys 550 BTC"},"content":{"rendered":"<p>On Tuesday, September 7, El Salvador enacted a law recognizing Bitcoin as a legal tender. President Nayib Bukele posted the corresponding tweet three minutes before local midnight.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"es\" dir=\"ltr\">3 minutes to make history.<\/p>\n<p>In 3 minutes, we make history.<a href=\"https:\/\/twitter.com\/hashtag\/BitcoinDay?src=hash&#038;ref_src=twsrc%5Etfw\">#BitcoinDay<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&#038;ref_src=twsrc%5Etfw\">#BTC<\/a>\ud83c\uddf8\ud83c\uddfb<\/p>\n<p>\u2014 Nayib Bukele \ud83c\uddf8\ud83c\uddfb (@nayibbukele) <a href=\"https:\/\/twitter.com\/nayibbukele\/status\/1435120030245662722?ref_src=twsrc%5Etfw\">September 7, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cIn three minutes, we will make history,\u201d Bukele wrote.<\/em><\/p>\n<\/blockquote>\n<p>Earlier, the head of state confirmed that the Salvadoran government had purchased the first 200 BTC. The purchase is part of<a href=\"https:\/\/u1f987.com\/en\/news\/el-salvadors-parliament-approves-150-million-bitcoin-fund\"> the new fund<\/a> for $150 million, approved by authorities to support the exchange between Bitcoin and dollars.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">El Salvador has just bought it\u2019s first 200 coins.<\/p>\n<p>Our brokers will be buying a lot more as the deadline approaches.<a href=\"https:\/\/twitter.com\/hashtag\/BitcoinDay?src=hash&#038;ref_src=twsrc%5Etfw\">#BitcoinDay<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&#038;ref_src=twsrc%5Etfw\">#BTC<\/a>\ud83c\uddf8\ud83c\uddfb<\/p>\n<p>\u2014 Nayib Bukele \ud83c\uddf8\ud83c\uddfb (@nayibbukele) <a href=\"https:\/\/twitter.com\/nayibbukele\/status\/1434968475928248331?ref_src=twsrc%5Etfw\">September 6, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cOur brokers will be buying much larger volumes as the deadline approaches,\u201d Bukele said.<\/em><\/p>\n<\/blockquote>\n<p>Later he reported an additional purchase of 200 BTC. At the time of writing, the total value of the coins purchased stood at about $21 million.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">El Salvador now holds 400 <a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#bitcoin<\/a><a href=\"https:\/\/twitter.com\/hashtag\/BitcoinDay?src=hash&#038;ref_src=twsrc%5Etfw\">#BitcoinDay<\/a> \ud83c\uddf8\ud83c\uddfb<\/p>\n<p>\u2014 Nayib Bukele \ud83c\uddf8\ud83c\uddfb (@nayibbukele) <a href=\"https:\/\/twitter.com\/nayibbukele\/status\/1435023474494410753?ref_src=twsrc%5Etfw\">September 6, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<div class=\\\"wp-block-text-wrappers-update-2 article_update\\\"><time class=\\\"gtb_text-wrappers_update_time\\\">7 \u0441\u0435\u043d\u0442\u044f\u0431\u0440\u044f 2021 | 18:38<\/time><span class=\\\"gtb_text-wrappers_update_head\\\">Update: <\/span><\/p>\n<p>Against the backdrop of bitcoin&#8217;s price drop, Bukele said El Salvador had bought another 150 BTC. Thus the state fund holds 550 BTC.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">It appears the discount is ending \ud83e\udd72<\/p>\n<p>Thanks for the dip <a href=\\\"https:\/\/twitter.com\/IMFNews?ref_src=twsrc%5Etfw\\\">@IMFNews<\/a>. We saved a million in printed paper.<\/p>\n<p>El Salvador now holds 550 bitcoin.<a href=\\\"https:\/\/twitter.com\/hashtag\/BitcoinDay?src=hash&#038;ref_src=twsrc%5Etfw\\\">#BitcoinDay<\/a> <a href=\\\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&#038;ref_src=twsrc%5Etfw\\\">#BTC<\/a> \ud83c\uddf8\ud83c\uddfb<\/p>\n<p>\u2014 Nayib Bukele \ud83c\uddf8\ud83c\uddfb (@nayibbukele) <a href=\\\"https:\/\/twitter.com\/nayibbukele\/status\/1435263064933285898?ref_src=twsrc%5Etfw\\\">September 7, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\\n<\/div>\n<p>\\n\\n\\n\\n<\/p>\n<p>From midnight on September 7, the Bitcoin wallet Chivo became available. In late June, the president<a href=\"https:\/\/u1f987.com\/en\/news\/el-salvadors-president-says-bitcoin-wallet-use-is-voluntary\"> removed transfer and conversion fees<\/a>, announced the possibility of cashing out funds at Bitcoin ATMs or offline branches and announced<a href=\"https:\/\/u1f987.com\/en\/news\/el-salvador-to-give-each-adult-resident-30-in-bitcoin\"> a $30 Bitcoin giveaway to every adult resident of the country.<\/p>\n<p>\\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Tuesday, September 7, El Salvador enacted a law recognizing Bitcoin as a legal tender. The president, Nayib Bukele, posted the corresponding tweet three minutes before local midnight.<\/p>\n","protected":false},"author":1,"featured_media":49006,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1278,36],"class_list":["post-49005","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-el-salvador","tag-regulation"],"aioseo_notices":[],"amp_enabled":true,"views":"45","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/49005","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=49005"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/49005\/revisions"}],"predecessor-version":[{"id":49007,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/49005\/revisions\/49007"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/49006"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=49005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=49005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=49005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}