Question

The first country which legally allows its consumers to use Crypto Currency?

• A. Morocco
• B. Tunisia
• C. El Salvador
• D. Algeria

Answer 1

Answer:

C. El Salvador

• Crypto Currency: Digital or virtual currency.

• Legal Tender: Currency that must be accepted for payments.

• El Salvador: First country to make crypto legal tender.

• Bitcoin: The specific cryptocurrency adopted.

• 2021: The year El Salvador made this change.

• Key Idea: El Salvador is a pioneer in officially recognizing and using cryptocurrency.