El Salvador Just Made a Potentially Game-Changing Move for Bitcoin

El Salvador Just Made a Potentially Game-Changing Move for Bitcoin

On June 8, legislators in El Salvador voted 62 to 22 in favor of making Bitcoin (CRYPTO: BTC) legal tender -- the first country in the world to recognize a cryptocurrency in this way. According to local news source elsalvador.com, businesses need to accept Bitcoin as a method of payment and prices can now be set directly in bitcoins. The "Bitcoin Law" goes into effect in 90 days.