{"id":46727,"date":"2021-06-09T16:28:11","date_gmt":"2021-06-09T12:28:11","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=46727"},"modified":"2021-06-09T16:28:15","modified_gmt":"2021-06-09T12:28:15","slug":"el-salvador-becomes-first-country-to-adopt-bitcoin-as-legal-tender","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/el-salvador-becomes-first-country-to-adopt-bitcoin-as-legal-tender\/06\/09\/market-updates\/","title":{"rendered":"El Salvador Becomes First Country to Adopt Bitcoin as Legal Tender"},"content":{"rendered":"\n<p>El Salvador has become the first country to adopt bitcoin as a legal currency after lawmakers in Congress voted overwhelmingly in favor of the bitcoin law.<\/p>\n\n\n\n<p>The purpose of this law is to regulate bitcoins as a legal currency with unrestricted liberalization authority, and unlimited in any transaction.<\/p>\n\n\n\n<p>Prices can now be displayed in bitcoin, tax contributions can be paid in digital currency, and bitcoin exchanges will not be subject to capital gains tax.<\/p>\n\n\n\n<p>And the exchange rate with the US dollar &#8220;will be freely determined by the market,&#8221; according to the proposed law.<\/p>\n\n\n\n<p>It is noteworthy that the current official currency in El Salvador is the US dollar.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>El Salvador has become the first country to adopt bitcoin as a legal currency after lawmakers in Congress voted overwhelmingly in favor of the bitcoin law. The purpose of this law is to regulate bitcoins as a legal currency with unrestricted liberalization authority, and unlimited in any transaction. Prices can now be displayed in bitcoin, &hellip;<\/p>\n","protected":false},"author":9,"featured_media":46728,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,36],"tags":[6904,7365],"class_list":["post-46727","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-market-updates","tag-bitcoin","tag-el-salvador"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/46727","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=46727"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/46727\/revisions"}],"predecessor-version":[{"id":46729,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/46727\/revisions\/46729"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/46728"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=46727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=46727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=46727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}