Question:
Which country became the first to launch a digital currency as legal tender?
Which country became the first to launch a digital currency as legal tender?
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Keep track of recent global developments as they can be important for general knowledge questions.
Updated On: May 16, 2025
- China
- Sweden
- El Salvador
- Nigeria
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The Correct Option is C
Solution and Explanation
Step 1: Understand that legal tender means official recognition by a government to use a currency for all transactions.
Step 2: El Salvador became the first country to officially adopt Bitcoin, a digital cryptocurrency, as legal tender in September 2021.
Step 3: This landmark decision means Bitcoin can be used alongside the US dollar for all payments, making El Salvador a pioneer in digital currency adoption.
Step 2: El Salvador became the first country to officially adopt Bitcoin, a digital cryptocurrency, as legal tender in September 2021.
Step 3: This landmark decision means Bitcoin can be used alongside the US dollar for all payments, making El Salvador a pioneer in digital currency adoption.
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