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Which of the following became the first country in the world to adopt bitcoin as legal tender?
  • a)
    El Salvador
  • b)
    Kenya
  • c)
    South Africa
  • d)
    Nigeria
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Which of the following became the first country in the world to adopt ...
El Salvador became the first country in the world to adopt bitcoin as legal tender.
  • The law mandates that Bitcoin should now be accepted as a valid payment by all establishments, except those that do not have the technical wherewithal to do so.
  • This puts the digital currency that does not answer to any government monetary policies on the same footing as the country’s primary currency, the United States dollar.
  • Hence, option (a) is the correct answer.
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Which of the following became the first country in the world to adopt bitcoin as legal tender?a)El Salvadorb)Kenyac)South Africad)NigeriaCorrect answer is option 'A'. Can you explain this answer?
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