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"History!": El Salvadore to become first country to adopt bitcoin as legal tender after vote

El Salvador's legislature voted late Tuesday to make bitcoin legal tender.

Why it matters: El Salvador will become the first country to formally adopt the digital currency once President Nayib Bukele signs the legislation into law. Bukele, who pushed for the legislation, hailed the passage of the bill by declaring in a Twitter post "History!"

The #BitcoinLaw has been approved by a supermajority in the Salvadoran Congress.

62 out of 84 votes!

History! #BtcπŸ‡ΈπŸ‡»

β€” Nayib Bukele πŸ‡ΈπŸ‡» (@nayibbukele) June 9, 2021

Editor's note: This a breaking news story. Please check back for updates.

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