2017
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Question
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Vanuatu
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Fiji
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Iceland
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Greenland
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Detailed explanation-1: -El Salvador President Nayib Bukele wanted to build an entire “Bitcoin city” intended to be tax-free haven funded by providing $1 billion in government bonds. In 2021, El Salvador made Bitcoin legal tender and became the first country in the world to do so.
Detailed explanation-2: -Details here. In September last year, El Salvador became the first country in the world to introduce Bitcoin as legal tender.
Detailed explanation-3: -Moreover, last year, a special economic zone on a specific tourist-centric island in Honduras, have adopted BTC as a legal tender as well. As of now, El Salvador and the Central African Republic (CAR) are the only two countries in the world where Bitcoin functions as a legal currency.
Detailed explanation-4: -El Salvador on Tuesday became the first country to use bitcoin as legal tender, alongside the US dollar.