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Bitcoin: El Salvador's grand experiment

  • Written by David Coker, Senior Lecturer - Finance and Fintech, University of Westminster
Bitcoin: El Salvador's grand experimentEl Salvador is likely to become the first country to adopt bitcoin as legal tender. Momentum Fotograh/Shutterstock

Around the world, bitcoin has a mixed reputation. Owning and using the cryptocurrency is legal in a majority of nations, tolerated in many others, and outlawed by a relatively small number.

El Salvador has just become the first nation...