Cryptocurrency Q&A Is bitcoin legal tender in El Salvador?

Is bitcoin legal tender in El Salvador?

Raffaele Raffaele Sun Jul 07 2024 | 0 answers 0
Has El Salvador truly embraced Bitcoin as a legitimate means of payment? It seems that when queried about Bitcoin transactions, locals in San Salvador responded with skepticism, even amusement. Despite the official announcement of Bitcoin's status as legal tender, there seems to be a disconnect between policy and public acceptance. Are merchants and citizens actually utilizing this virtual currency in their daily transactions? Or is this a case of legislative ambition outpacing public readiness? What challenges does El Salvador face in its quest to integrate Bitcoin into its financial system? Is bitcoin legal tender in El Salvador?

0 answers

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