Question
Which of the following countries has become the first country in the world to accept Bitcoin as legal tender?
This question was previously asked in
RRB NTPC 2019 CBT 1 Question Paper (8-Mar-2021) (Shift 2)
The correct answer is
L Salvador
Country Adopting Bitcoin as Legal Tender
The question asks to identify the world's first country to accept Bitcoin as legal tender.
Key Information Analysis
- Question Focus: First country, Bitcoin, legal tender status.
- Options Provided: El Salvador, Albania, Jamaica, Uzbekistan.
Identifying the Pioneering Nation
El Salvador made a landmark decision in the history of cryptocurrency adoption.
- El Salvador: Officially recognized Bitcoin as legal tender on September 7, 2021. This move was globally unprecedented.
- Albania, Jamaica, and Uzbekistan have explored digital currencies or blockchain technology but have not adopted Bitcoin as legal tender.
Therefore, El Salvador is the correct answer, being the first nation worldwide to grant Bitcoin the status of legal tender.
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