A version of this story first appeared in CNN Business' Before the Bell newsletter. You can sign up right hereLondon (CNN Business) In a landmark move, El Salvador has become the first country to adopt bitcoin as a legal form of payment. The law states that "all economic agents shall accept bitcoin as a form of payment when it is offered by the purchaser of a good or service." It's a bold move that's likely to be cheered by bitcoin fans. Remember: After almost touching $65,000 per coin in April, bitcoin, which is notoriously volatile, has crashed, and was last trading above $34,000.

Source: CNN June 09, 2021 12:10 UTC