Post
Topic
Board Bitcoin Discussion
Re: Can small countries in accepting bitcoin as legal transaction?
by
aylabadia05
on 29/05/2024, 18:05:15 UTC
we know to be the first country in the world to officially accept Bitcoin as legal tender. This was followed by the President of El Salvador, Nayib Bukele, who announced that the government would start buying 1 BTC per day on November 16 2022, but can other small countries follow in El Salvador's footsteps and what are the country's challenges in this regard? This might be a very interesting discussion to see that so many people from small countries are interested in cryptocurrency, more specifically Bitcoin
Why not. That is, as long as the country's president has a concept and strategy that is ready to implement it in the country he leads, then it can be done. By the word ready, I mean that the President is aware of the pros and cons that will occur during the implementation.
Bukele, the President, is ready with all the pros and cons, but in implementing it with his attitude and commitments, El Salvador has become a country that is widely discussed positively.