On September 7, El Salvador entered into force a law recognizing the first cryptocurrency as a means of payment
On Tuesday, September 7, the bitcoin rate updated its maximum since mid-May, reaching $ 52.9 thousand. As of 11:10 Moscow time, the first cryptocurrency is trading at $ 52.2 thousand, over the past day it has risen in price by 1%. The price of the asset exceeded $ 52 thousand after the law on the legalization of bitcoin as a means of payment came into force in El Salvador, and the country's authorities announced the purchase of 400 bitcoins.
In support of El Salvador, a flash mob was launched on social networks, in which users buy bitcoins for $ 30. For example, yesterday MicroStrategy CEO Michael Sailor announced on his Twitter that he plans to support the action, and also published a survey according to which 73.3 thousand of his subscribers are also ready to purchase cryptocurrency for this amount.
Each resident of El Salvador will receive $ 30 in bitcoins (at the current rate of about 0.00058 bitcoin) when activating his Chiva cryptocurrency wallet, created under the state program. According to the President of the country, the application will soon appear in Apple, Google and Huawei stores.
In the summer, El Salvador passed a law recognizing bitcoin as an official means of payment, along with the US dollar already used as the country's currency. From September 7, prices in the country can be set in bitcoins, and taxes can also be paid in cryptocurrency. Bitcoin exchanges are not subject to capital gains tax.