Rural Banking and financial institutions

Economic and Social Issues

Title

45:30

Video Progress

8 of 24 completed

Notes Progress

5 of 15 completed

MCQs Progress

38 of 100 completed

Subjective Progress

8 of 20 completed

Continue to Next Topic

Indian Economy - Understanding the basics of Indian economic system

Next Topic

Download Solution PDF

Which of the following is the first country in the world to adopt Bitcoin as legal tender?

Austria

Colombia

Venezuela

El Salvador

Explanation:

El Salvador became the first country in the world to adopt bitcoin as legal tender after the country’s Congress has recently approved President Nayib Bukele's proposal to embrace the crypto currency.

The use of bitcoin has been touted for its potential to help Salvadorans living abroad to send remittances back home.
In practice, El Salvador does not have its own currency and the U.S. dollar will also continue as legal tender.

Hence option 4th is correct.

By: Abhipedia

Profile ResourcesReport error

Trial Period Ended