Did El Salvador adopt bitcoin as a legal currency?

El Salvador is the first country to adopt Bitcoin as a legal currency, but has this move succeeded in supporting the country's economy? In June 2021, El Salvador surprised the world by adopting Bitcoin as a legal currency in the country next to the US dollar.

Which countries have just adopted bitcoin as legal tender?

El Salvador officially adopted Bitcoin as legal tender on June 9, 2021, making it the first country to do so.

How has the bitcoin law frightened the bond markets?

[T]he Bitcoin Law, and the disastrous launch of Chivo, has frightened the bond markets; El Salvador's sovereign debt dropped almost five cents in a single day, ending Sept. 7 trading at 87.6 cents on the dollar. The World Bank and the International Monetary Fund are already reluctant to supply further funding because of the Bitcoin Law...

Should Latin American countries adopt bitcoin?

While the populations of Latin American countries are generally small, a handful of them adopting Bitcoin and even buying Bitcoin with reserves would likely increase their wealth, not to mention the money that would stream in from crypto-businesses looking to establish themselves in a crypto-forward country with lower taxes.