President Nayib Bukele has lashed out at reports of defaults and critics who criticized the country’s decision to adopt Bitcoin as a legal tender as he announced that El Salvador has paid its $800 million debt in full. In 2021, El Salvador made one of the bravest decisions in the history of modern economics as it adopted Bitcoin as a legal tender. El Salvador’s Decision To Legalize Bitcoin Met With Widespread Criticism The decision to make Bitcoin a legal tender drew wide criticism from the agencies such as International Monetary Fund (IMF). The IMF even urged the North American country to drop Bitcoin as
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