Every country that has failed to make bitcoin legal tender
On June 5, 2021, a crowd of thousands in the US heard that El Salvador had adopted bitcoin (BTC) as legal tender. After a few days of celebration, speculation about other countries following suit immediately captured their collective imagination. Although most countries were ambivalent about BTC prior to the news, a wave of media attention prompted rumors and scheduled meetings with various heads of state. Over the years, predictions by various dignitaries sustained the faith of additional countries adopting BTC. All of those predictions failed, however. As of publication time, BTC is not legal tender in any country — not even El Salvador. Below is a summary of some of the failed attempts by sovereign nations to adopt BTC as legal tender. Although the reasons for failure were unique to each nation, the outcome was exactly the same . Central African Republic Second to El Salvador itself, the next most eligible country to have adopted BTC as legal tender was...