Sunday, September 19, 2021

El Salvador, the first country to legally introduce Bitcoin into the economy

 The article that I found talks about El Salvador and Bitcoin. El Salvador, a week ago, just became the first country to adopt Bitcoin as a legal tender. The article explains some benefits and disadvantage of this new law. Some of the benefits is to bring more Salvadorians who don't have a bank account into the formal economic. Also, Mr. Bukele (president) with this new las is planning to bring more investors to the country. On the other side, the introduction of Bitcoin to the economic has bring a lot of confusion and fear to the society. One of the main concern is the volatility of the cryptocurrency. People are worried that they can either lose all their investment / saving or lose it really fast. Another big disadvantage is, according to the The World Bank and the International Monetary Fund, 


https://www.nytimes.com/2021/09/07/world/americas/el-salvador-bitcoin.html    

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