I have been pondering on the motion of making bitcoin a legal tender, if bitcoin becomes legal tender, it can be used in place of fait currency to purchase goods, used for transactions,etc.
Why is the direction on counterfeit money and isn't there any other way that can be used so that payments using counterfeit money can be reduced. Fraud does not recognize bitcoin or fiat because it is done by immoral individuals and I think the involvement of fraud is not based only because of the problem of the Fiat and Bitcoin currency itself.
Bitcoin can be an alternative for some countries because there is no way there are many countries that apply Bitcoin as a legal transaction tool. Because every country has rules governing the distribution of Fiat currencies and how to make transactions.
For me, making bitcoin will take years because that motion will never be assigned by our financial institutions and central banks. The main reason is what we call;
It took a long time to see Bitcoin as a legal source of device because financial institutions and central banks have their own valid products that are officially used. In contrast to El Salvador because they do not have official currencies so they are easier to apply to the wider community. El Salvador has succeeded in making Bitcoin as an official currency and they bind with much clearer and better rules.