What does "legal tender" mean in this context? Normally, as i understand it, it means you must accept it for payments of debts. So will El Salvadorans be required to accept bitcoin? Can your employer suddenly announce your salary is now paid only in it?
In the El Salvador law, Article 7 goes beyond the typical definition of legal tender - the recognition by courts as payment for debts - and requires everyone to accept Bitcoin.
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What does "legal tender" mean in this context? Normally, as i understand it, it means you must accept it for payments of debts. So will El Salvadorans be required to accept bitcoin? Can your employer suddenly announce your salary is now paid only in it?
In the El Salvador law, Article 7 goes beyond the typical definition of legal tender - the recognition by courts as payment for debts - and requires everyone to accept Bitcoin.