Bitcoin jumps after El Salvador says it'll start accepting it as legal tender

As of 3:30 a.m. ET on Thursday, the virtual currency was trading at $36,849 per coin, jumping about 7.9% over the last 24 hours, according to CoinDesk.Salvadorian lawmakers made history on Wednesday by approving a proposal from President Nayib Bukele that would allow bitcoin (XBT) to be used as a form of legal tender in the country, alongside the US dollar.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 also says that tax payments can now be made in bitcoin.The move delivers another win for cryptocurrency bulls as digital coins

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