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Skip to main content The Verge The Verge logo to capital gains tax. CNBC notes that the move makes El Salvador salvaodr first Salvador alongside the US dollar, on its balance sheet and became the first to adopt the cryptocurrency as legal tender. Despite all the initiatives, anecdotal evidence suggests that few businesses are ready for the change.
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El Salvador Bitcoin experiment hits two-year milestoneEl Salvador became the first country to accept Bitcoin as legal tender. Now it's offering citizenship for a $1 million 'investment'. BYLeo. In September , El Salvador became the first country to make bitcoin legal tender, requiring all businesses to accept the cryptocurrency. President Nayib Bukele has promoted the cryptocurrency as a path to financial freedom, but economic experts and many Salvadorans worry the.