Cryptocurrency Q&A
Is bitcoin a legal tender in El Salvador?
Is bitcoin a legal tender in El Salvador?
Carlo
Thu Dec 12 2024
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6 answers
1507
I'm curious if Bitcoin has been officially recognized as a legal tender in El Salvador. I've heard rumors about it but I'm not sure if it's actually true.
6 answers
NebulaNavigator
Sat Dec 14 2024
El Salvador took a groundbreaking step in September 2021 by recognizing Bitcoin as a legal tender.
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CryptoMaven
Sat Dec 14 2024
This move was soon followed by the Central African Republic, which also adopted Bitcoin as a legal tender in April 2021.
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CloudlitWonder
Sat Dec 14 2024
The decision to adopt a new currency as legal tender is not made lightly by any country.
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Martina
Fri Dec 13 2024
It often signifies an intent to manage and regulate certain macroeconomic factors within the nation's borders.
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SumoStrength
Fri Dec 13 2024
By adopting Bitcoin, these countries hope to leverage the benefits of blockchain technology and decentralized finance.
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