- El Salvador is the first country to accept Bitcoin as a Legal tender.
Bitcoin is one of the most popular cryptocurrencies with the biggest crypto market.
Once again, on 14 November 2022, Nayib Bukele, president of El Salvador, posted on Twitter, “claiming Bitcoin is opposite to FTX exchange,” Further, in the same post, the president termed FTX as a Ponzi Scheme.”
Nayib Bukele became the first president globally to approve Bitcoin as a legal tender and a mainstream payment mode in the country.
In this country, there is a separate administration called BANDESAL, which inspects every bit of data related to bitcoin transactions in the nation. The organization has refused to share the information with the users by saying “the information was confidential.”
Bukele is always listed among top crypto promoters and enthusiasts and believes that Bitcoin is meant to avoid the Ponzi scheme.
Recently, a survey conducted in the nation showed 77.1% said the country’s administration should stop utilising public funds to buy bitcoins. But the country’s administration had argued that adopting bitcoin in the state would help recover…
