“El Salvador rushed to iron out snags on Tuesday after becoming the first country to adopt bitcoin as legal tender,” Reuters reports.
“The country’s adoption of Bitcoin is being seen as a real-world experiment, with proponents saying it will lower commission costs for billions of dollars sent from abroad, while critics are warning it may fuel money laundering.”
Axios: “While a 17% daily swing is far from unprecedented for bitcoin, it’s not the kind of thing most citizens want from their currencies. Neither is having a payments mechanism that can be unplugged by the government at will.”
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