On September 7th 2021, El Salvador became the first country in the world to adopt Bitcoin as legal tender. This ushered a new age with many developing countries considering similar routes. This shift in public policy stems from a need for reduced international transfer fees and an increase in economic autonomy for developing countries. This approach also comes with certain risks that the people of the countries should be educated about. We will be discussing those risks in another article.
Notes pertaining to technological issues