# The Assembly enacts Bitcoin as legal tender

Date: 2021

## The fact

On 9 June 2021 the Legislative Assembly enacted the Bitcoin Law, making bitcoin legal tender from 7 September.

## Context

Chivo is a child wallet. Neighbouring IMF 2024 is a later fiscal adjustment. He did not sit as every merchant.

Chivo September 2021 is a child. IMF-Bitcoin 2024 is later. Night of the judges is neighbouring 2021.

The President of El Salvador heads the executive, commands the armed forces, and can request a state of exception that the Legislative Assembly must approve and extend. He does not write a Constitutional Chamber judgment by himself, an IMF board decision, or a [US Treasury](/organizations/us-treasury) designation. The Assembly, PNC, Fiscalía, and prison service share specific files. A homicide print is not a unique due-process coefficient. Gang membership is not proven by detention alone.

## Evidence and sources

Legislative Assembly of El Salvador carries the official instrument or communique. Reuters records the same dated act independently.

## Significance

The path is [household purchasing power](/drivers/household-purchasing-power) and fiscal sustainability: a completed legal-tender statute in a volatile asset is a dated household-and-reserve instrument.

## What is established and what is not

Established: 9 June 2021 Bitcoin Law, independently reported, in force 7 September 2021.

Not established: a unique later reserve coefficient from that Wednesday, or that every later IMF clause was this sitting.

What would change the picture: a contradictory original with a different date or name, a later repeal, a court that vacated the instrument, or a measured series that can be argued, with lag and alternatives, as a consequence of this instrument rather than of later institutions.

The date is the date of this instrument, not a licence to back-date every later harm or benefit.

The Assembly voted. The finance ministry and Chivo implemented. Merchants were obliged.. A later repeal, court stay, or successor order would be a different Fact with a different date. That pair identifies The Assembly enacts Bitcoin as legal tender, not a later speech about The Assembly enacts Bitcoin as legal tender.

Co-authors and later implementers named in Context remain on the file. The Assembly enacts Bitcoin as legal tender on 2021-06-09 is not a licence to treat every later Legislative Assembly of El Salvador communique as this same act. If a later repeal, stay, or successor instrument exists, it needs its own date and its own row. This dossier refuses to average The Assembly enacts Bitcoin as legal tender into a personality. The contribution described on this Person row is limited to He proposed and owned the brand. The Assembly voted. The finance ministry and Chivo implemented. Merchants were obliged. That limit is the alternative to treating office-holding as authorship of every later series.

## People

- Nayib Bukele: https://factrail.ai/people/nayib-bukele

## Drivers

- Fiscal-Policy Sustainability: https://factrail.ai/drivers/fiscal-policy-sustainability
- Household Purchasing Power: https://factrail.ai/drivers/household-purchasing-power
- Industrial-Policy Activism: https://factrail.ai/drivers/industrial-policy-activism

## Sources

- https://www.reuters.com/world/americas/el-salvador-approves-bitcoin-legal-tender-2021-06-09/
- https://www.asamblea.gob.sv/

## Methodology

https://factrail.ai/methodology

Canonical: https://factrail.ai/facts/sv-bitcoin-2021