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Here’s what making bitcoin legal tender actually means
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Quick Take
- El Salvador’s decision to make bitcoin legal tender has had ripple effects across the globe, and it’s been rumored that several other countries may follow suit.
- But El Salvador’s bitcoin efforts go well beyond the matter of legal tender — and that may be leading some advocates to misunderstand what “legal tender” really means.
El Salvador's move to declare bitcoin legal tender may inspire more countries to do the same. But what does that mean in practice?
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