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Should bitcoin be legal tender in Mexico?

“Making bitcoin a legal tender means putting a level playing field for people who are excluded in almost all countries…We need bitcoin to be legal tender in Mexico, because if it is not so, if we do not make that decision as El Salvador did, it is very difficult to take action.”

Is cryptocurrency legal tender in El Salvador?

Cryptocurrencies are popular among the population, especially young people: in fact, more than 1,000 places accept cryptocurrency as payment. If you Google “Bitcoin legal tender countries” or ”which country uses Bitcoin,” you are guaranteed to come across El Salvador.

Should a country use cryptocurrency as a legal tender?

When a country considers using cryptocurrency as a legal tender, it focuses on the risks of liquidity and regulation for the crypto market. As the cryptocurrency market has a strong correlation with the equity markets of the United States, any changes to the Federal Reserve policy would impact the crypto prices.

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