Question

Which country became the first to launch a digital currency as legal tender?

• A. China
• B. Sweden
• C. El Salvador
• D. Nigeria

Hint:

Keep track of recent global developments as they can be important for general knowledge questions.

Answer 1

The Correct Option is C

Step 1: Legal tender signifies governmental endorsement of a currency for all transactions.
Step 2: In September 2021, El Salvador established itself as the inaugural nation to officially sanction Bitcoin, a digital cryptocurrency, as legal tender.
Step 3: This historic resolution permits Bitcoin to function concurrently with the US dollar for all expenditures, positioning El Salvador at the forefront of digital currency implementation.