The Verge
SEPTEMBER 7, 2021
As of today, Bitcoin is an official currency of El Salvador alongside the US dollar, after the Central American country became the first to adopt the cryptocurrency as legal tender. But there are fears that the adoption of such a historically volatile currency could harm Salvadorans, and risk economic stability.
TechSpot
JUNE 18, 2021
Earlier this month, El Salvador became the first country to adopt Bitcoin as legal tender. It sits alongside the US dollar as the Central American country's official currency, with the exchange rate freely established by the market. Additionally, prices for goods can be shown in Bitcoin, tax contributions can be.
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TechSpot
SEPTEMBER 8, 2021
Just a few months after adopting Bitcoin as legal tender, it became an official currency of El Salvador yesterday. It's hoped that the move will make it easier for the huge number of El Salvadorians living abroad to send money home to their families—the government says Bitcoin could save the.
The Verge
SEPTEMBER 7, 2021
Today, Bitcoin is becoming an official currency in El Salvador , and the markets and crypto exchanges seem to be struggling. El Salvador passed a resolution to adopt Bitcoin as an official currency in June. El Salvador has historically used the US dollar, which will continue to be accepted in the country.)
TechSpot
JUNE 9, 2021
El Salvador has become the first country to officially adopt Bitcoin as legal tender.
The Verge
JANUARY 25, 2022
El Salvador introduced Bitcoin as a legal tender alongside the US dollar in 2021. The International Monetary Fund’s executive board has recommended El Salvador no longer use Bitcoin as a legal tender , citing potential risks to financial stability and consumer protection. Illustration by Alex Castro / The Verge.
The Verge
JUNE 9, 2021
El Salvador has passed a resolution to make Bitcoin a legal currency, which makes it the first country to do so ( via The Guardian ). According to The Guardian , some human rights groups focused on Central America have doubts about Bitcoin’s adoption leading to meaningful change for many of the country’s citizens.
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