El Salvador is a relatively small country in Central America. It official currency has been the USD since 2001.
The world was taken by surprise in 2021 when El Salvador’s president announced that beginning on September 7, 2021, Bitcoin (BTC) will become official legal tender in the country. The cryptocurrency will be supported by the government and have equal standing alongside the other legal tender of the USD.
This news instantly elevated El Salvador to one of the most interesting and supportive jurisdictions for digital nomads seeking a crypto-friendly government. As this news continues to develop, we will keep you updated with the latest here on Crypto Nomad Hub.