‘It’s like a casino’: Crashes and crypto crime in first week of El Salvador’s great Bitcoin experiment On Tuesday, the Latin American nation abruptly became the first in the world to accept cryptocurrency as legal tender
Politician Eugenio Chicas gives away stickers as part of a campaign CREDIT: JOSE CABEZAS Ravaged by endemic corruption, cocaine cartels and some of the world’s most violent street gangs, El Salvador is often viewed as a near-failed state. But this week the troubled Central American nation gave its citizens a very different kind of problem to worry about — how to use Bitcoin. On Tuesday, after just five hours of debate in congress, El Salvador abruptly became the first country in the world to accept cryptocurrency as legal tender, obliging all businesses from taxis to corner…Read more …