El Salvador makes bitcoin as legal tender, buys 400 of digital currency

In India, US-headquartered digital currency exchange CrossTower has set up a local unit in the country and launched a trading platform to capture the growing domestic crypto market

El Salvador makes bitcoin as legal tender, buys 400 of digital currency
Source: Twitter/ @TrustWallet

El Salvador on Tuesday (Sept 7) became the first country to adopt Bitcoin as legal tender, media reports said. The country bought 400 bitcoins ahead of the rollout with a market value of about $20 million at current prices.

The country plans to buy “a lot more” of them, President Nayib Bukele said via Twitter, after buying the first batch of 200.