President Nayib Bukele of El Salvador declared that the recently passed law making bitcoin legal tender will take effect on September 7. Bukele's plan to embrace bitcoin as legal tender was passed by MPs, making it the first country in the world to do so. Paraguay may follow suit and legalise bitcoin. A pro-bitcoin lawmaker in Paraguay has announced that he will introduce bitcoin legislation in Congress next month, with the goal of making the country a global hub for cryptocurrency investors. According to a report by cryptocurrency news website Bitcoin, his attempts come after El Salvador passed a measure making bitcoin legal tender. El Salvador's Bitcoin law will take effect on September 7; here's a list of countries that have legalised cryptocurrencies. JUNE 25, 2021 / 02 :54 PM IST MONEYCONTROL NEWS Cryptocurrencies are treated as assets rather than currency in Finland, Belgium, and the United Kingdom. Image courtesy of Tombark (Pixabay). President Nayi...
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