/PRNewswire/ The first decentralized cryptocurrency, Bitcoin, was created in 2009. Since then, cryptocurrencies have become incredibly popular and were even.
Riot Blockchain Inc (NASDAQ:RIOT) are trading higher Wednesday as the price of
Bitcoin (CRYPTO:BTC) recovers from its recent lows.
What Happened: El Salvador lawmakers voted in favor of a Bitcoin law allowing the Central American country to adopt the cryptocurrency as a legal tender.
Items can now be priced in Bitcoin, tax contributions can be paid using the popular cryptocurrency and exchanges in Bitcoin will not be subject to a capital gains tax.
El Salvador is the first country to adopt Bitcoin as legal tender.
Nayib Bukele, president of El Salvador, took to Twitter to celebrate the historic moment.