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El Salvador buys its first 200 bitcoins, president says

Credit: REUTERS/DADO RUVIC

September 06, 2021 — 04:37 pm EDT

Written by Shubham Kalia for Reuters ->

Sept 6 (Reuters) - President Nayib Bukele on Monday said that El Salvador has bought its first 200 bitcoins, as the country approaches the planned formalization of the cryptocurrency as legal tender.

El Salvador is set to legalize bitcoin on Sept. 7, a plan announced by Bukele in June.

"Our brokers will be buying a lot more as the deadline approaches," Bukele added in his tweet.

(Reporting by Shubham Kalia in Bengaluru; Editing by Sandra Maler)

((Shubham.Kalia@thomsonreuters.com))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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