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Cryptocurrency Explained With Pros and strategies and are assisting in legislative processes to develop regulations, along with establishing national priorities.
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\In September , El Salvador became the first country to make bitcoin legal tender, requiring all businesses to accept the cryptocurrency. El Salvador took the step of adopting Bitcoin as legal tender in , with the goal of increasing investment and assisting citizens that lack. Several countries, including China and Saudi Arabia, have made it illegal to use Bitcoin. Countries Where Bitcoin Is Legal.