On September 7th 2021, El Salvador became the first country in the world to adopt Bitcoin as legal tender. This ushered a new age where many countries with developing economies are considering the same, or similar routes. The reasons for this shift in public policy range from reduced international transfer fees to increased economic autonomy. That being said, this approach also comes with certain risks that the people of the countries adopting digital currencies should be educated about. We will be discussing those risks in another article.
Notes pertaining to technological issues