Bitcoin Law in El Salvador
E56772
Bitcoin Law in El Salvador is the 2021 legislation that made Bitcoin legal tender in the country, aiming to promote financial inclusion, attract investment, and modernize its economy.
All labels observed (4)
| Label | Occurrences |
|---|---|
| Bitcoin Law | 1 |
| Bitcoin Law (El Salvador) | 1 |
| Bitcoin Law in El Salvador canonical | 1 |
| Bitcoin Law of El Salvador | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T452660 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: Bitcoin Law in El Salvador Context triple: [Nayib Bukele, implementedPolicy, Bitcoin Law in El Salvador]
-
A.
Organic Constitutional Law of the Central Bank of Chile
The Organic Constitutional Law of the Central Bank of Chile is the fundamental legal framework that defines the structure, autonomy, objectives, and functions of Chile’s central bank within the country’s constitutional order.
-
B.
De Canas v. Bica
De Canas v. Bica is a 1976 U.S. Supreme Court case that upheld a California law regulating the employment of unauthorized immigrants, holding that not all state regulations touching on immigration are preempted by federal law.
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C.
Code and Other Laws of Cyberspace
Code and Other Laws of Cyberspace is a seminal book by legal scholar Lawrence Lessig that explores how software code functions as a form of regulation shaping behavior and governance in the digital world.
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D.
Bitcoin
Bitcoin is a decentralized digital cryptocurrency that operates without a central bank, enabling peer-to-peer transactions secured by blockchain technology.
-
E.
Judicial Power of Colombia
The Judicial Power of Colombia is the branch of government responsible for administering justice in Colombia through a system of high courts and lower tribunals that interpret and apply the law.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: Bitcoin Law in El Salvador Target entity description: Bitcoin Law in El Salvador is the 2021 legislation that made Bitcoin legal tender in the country, aiming to promote financial inclusion, attract investment, and modernize its economy.
-
A.
Organic Constitutional Law of the Central Bank of Chile
The Organic Constitutional Law of the Central Bank of Chile is the fundamental legal framework that defines the structure, autonomy, objectives, and functions of Chile’s central bank within the country’s constitutional order.
-
B.
United States v. Julian Assange
United States v. Julian Assange is a high-profile U.S. criminal case against WikiLeaks’ founder over the publication of classified government documents, raising major debates about press freedom, national security, and whistleblowing.
-
C.
De Canas v. Bica
De Canas v. Bica is a 1976 U.S. Supreme Court case that upheld a California law regulating the employment of unauthorized immigrants, holding that not all state regulations touching on immigration are preempted by federal law.
-
D.
Code and Other Laws of Cyberspace
Code and Other Laws of Cyberspace is a seminal book by legal scholar Lawrence Lessig that explores how software code functions as a form of regulation shaping behavior and governance in the digital world.
-
E.
Bitcoin
Bitcoin is a decentralized digital cryptocurrency that operates without a central bank, enabling peer-to-peer transactions secured by blockchain technology.
- F. None of above. chosen
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
El Salvadoran law
ⓘ
cryptocurrency legislation ⓘ legal tender law ⓘ |
| capitalGainsTreatment | no capital gains tax on Bitcoin exchange for legal tender ⓘ |
| citizenIncentive | US$30 in Bitcoin airdrop to users of Chivo Wallet ⓘ |
| controversy |
concerns from international financial institutions
ⓘ
domestic protests and skepticism about Bitcoin volatility ⓘ |
| country | El Salvador ⓘ |
| createdInstitution | Bitcoin Trust ⓘ |
| criticizedBy |
International Monetary Fund
ⓘ
World Bank ⓘ |
| dateOfEnactment | 2021-06-09 ⓘ |
| effectiveDate | 2021-09-07 ⓘ |
| exception | people who do not have access to the technologies that allow them to carry out transactions in Bitcoin are excluded from the obligation ⓘ |
| exchangeRateDetermination | exchange rate between Bitcoin and USD is freely established by the market ⓘ |
| globalSignificance | first law in the world to make Bitcoin legal tender nationwide ⓘ |
| implementingAuthority |
Central Reserve Bank of El Salvador
ⓘ
Ministry of Economy of El Salvador ⓘ Superintendency of the Financial System of El Salvador ⓘ |
| languageOfText | Spanish ⓘ |
| legalTender |
Bitcoin
ⓘ
United States dollar ⓘ
linked to:
US dollar
|
| obligation | all economic agents must accept Bitcoin as payment when offered by whoever acquires a good or service ⓘ |
| passedBy | Legislative Assembly of El Salvador ⓘ |
| priceDisplayRequirement | prices may be expressed in Bitcoin ⓘ |
| primaryObjective |
attract foreign investment
ⓘ
increase use of digital payments ⓘ modernize the Salvadoran economy ⓘ promote financial inclusion ⓘ reduce remittance costs ⓘ |
| proposedBy | Nayib Bukele ⓘ |
| proposedByOffice | President of El Salvador ⓘ |
| relatedConcept |
cryptocurrency adoption
ⓘ
financial inclusion in developing countries ⓘ legal tender ⓘ |
| relatedProgram |
Chivo ATMs
ⓘ
Chivo Wallet ⓘ |
| scope | nationwide ⓘ |
| sectorImpact |
banking and financial services
ⓘ
remittances sector ⓘ technology and fintech ⓘ tourism ⓘ |
| supporter |
Nayib Bukele
ⓘ
New Ideas party ⓘ |
| taxTreatment | tax contributions can be paid in Bitcoin ⓘ |
| trustManager | Banco de Desarrollo de El Salvador ⓘ |
| trustPurpose | guarantee automatic and instantaneous convertibility from Bitcoin to USD ⓘ |
| unitOfAccount | United States dollar remains reference currency ⓘ |
| voteResult | passed with supermajority ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: Bitcoin Law in El Salvador Description of subject: Bitcoin Law in El Salvador is the 2021 legislation that made Bitcoin legal tender in the country, aiming to promote financial inclusion, attract investment, and modernize its economy.
Referenced by (4)
Full triples — surface form annotated when it differs from this entity's canonical label.
subject linked to:
Bitcoin Trust
linked to: Bitcoin Law in El Salvador
linked to: Bitcoin Law in El Salvador
linked to: Bitcoin Law in El Salvador