08/02/2021: Tesla's Bitcoin Investment
Tesla announced a $1.5 billion investment in Bitcoin and plans to accept it as a form of payment for its products.
01/01/2021: Digitalization of the kip
The Bank of the Lao PDR introduced digital payment systems and promoted cashless transactions to modernize the use of the kip in the digital era.
11/05/2020: Third Bitcoin Halving
The block reward for miners was reduced from 12.5 BTC to 6.25 BTC, reducing the rate of new Bitcoin creation.
17/12/2017: Bitcoin Price Peak
Bitcoin reached its all-time high price of nearly $20,000 per BTC during a speculative market frenzy.
01/08/2017: Bitcoin Cash Fork
Bitcoin underwent a hard fork leading to the creation of a new cryptocurrency called Bitcoin Cash (BCH).
28/11/2013: All-Time High (ATH) Price
Bitcoin reached its first significant price milestone by surpassing $1,000 per BTC for the first time.
14/10/2013: Kip exchange rate liberalized
Laos liberalized its exchange rate regime, allowing the kip's value to be determined by market forces, leading to fluctuations in its value.
22/05/2010: Bitcoin Pizza Day
Laszlo Hanyecz made the first recorded real-world transaction using Bitcoin, buying two pizzas for 10,000 BTC.
03/01/2009: Bitcoin Genesis Block
The first block of the Bitcoin blockchain, also known as the Genesis Block, was mined by Satoshi Nakamoto.
02/07/1997: Lao kip devalued
Amidst the Asian financial crisis, the Lao government devalued the kip by approximately 20% against the US dollar.
02/05/1980: Revaluation of the kip
The Lao government initiated a revaluation of the kip, resulting in the exchange rate of 1 new kip to 100 old kip.
02/12/1976: Kip becomes the sole legal tender
The Lao kip was declared as the sole legal tender in Laos, replacing the use of other currencies within the country.
01/01/1952: Currency reform
Laos implemented a currency reform that replaced the French Indochinese piastre with the new kip, at an exchange rate of 100 new kip to 1 old piastre.
12/10/1945: Lao kip introduced
The Lao kip was first introduced as the official currency of Laos following the country's liberation from French colonial rule.