Bitcoin as Legal Tender in El Salvador
On September 7, 2021, El Salvador became the first country in the world to adopt Bitcoin as legal tender, alongside the US dollar. The legislative change, advocated by President Nayib Bukele, aimed to promote financial inclusion, investment, and innovation in the country's economy. Despite significant domestic and international controversy, the implementation of Bitcoin as a legal currency marked a pioneering step in the integration of cryptocurrencies into a national economy, sparking global discussions about digital currencies' future.