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Which country became the first to adopt Bitcoin as legal tender in 2021?

Practice Questions

Q1
Which country became the first to adopt Bitcoin as legal tender in 2021?
  1. El Salvador
  2. Japan
  3. Switzerland
  4. United States

Questions & Step-by-Step Solutions

Which country became the first to adopt Bitcoin as legal tender in 2021?
  • Step 1: Understand what 'legal tender' means. It is money that must be accepted if offered in payment of a debt.
  • Step 2: Learn about Bitcoin. It is a type of digital currency that operates without a central authority.
  • Step 3: Find out which country made Bitcoin legal tender. Research or recall that it was a significant event in 2021.
  • Step 4: Confirm that El Salvador is the country that adopted Bitcoin as legal tender.
  • Step 5: Note the date when this happened, which is September 2021.
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