Question

Which country became the first to launch a digital currency as legal tender?

• A. China
• B. Sweden
• C. El Salvador
• D. Nigeria

Hint:

Keep track of recent global developments as they can be important for general knowledge questions.

Answer 1

The Correct Option is C

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.