Law making bitcoin legal currency in El Salvador comes into force (September 7)

As of Tuesday, Salvadorans will be able to make use of ATMs, where people who own bitcoin will be able to withdraw dollars in cash.

RIO DE JANEIRO, BRAZIL - The law that allows the circulation of bitcoin as currency in El Salvador along with the US dollar comes into force this Tuesday, making this country the first in the world to take this step, amid its rejection by the population.

The Bitcoin Law, approved in June by the official majority in the Legislative Assembly and allies, indicates that "all economic agents must accept bitcoin as a form of payment when it is offered by whoever acquires a good or service."

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