In June 2021, President Nayib Bukele said he would introduce legislation to make Bitcoin legal tender in El Salvador. The Bitcoin Law was passed by the Legislative Assembly of El Salvador on 9 June 2021, with a majority vote of 62 out of 84. Bitcoin officially become a legal tender on 7 September 2021, ninety days after the publication of the law in the official gazette. As part of the law foreigners can gain permanent residence in El Salvador if they invest 3 Bitcoin into the country. The implementation of the law has been met with protests, with the majority of the country being against using Bitcoin as legal tender.