El Salvador recently took the first historic step towards legalizing Bitcoin.
It was in September 2021 that Nayib Bukele, President of El Salvador legalized Bitcoin by making the first historical cryptocurrency, the second official currency of his country after the dollar.
In view of a globalized economy based on exchanges through the banking system, this legalization could be considered marginal. Especially coming from one of the poorest countries on the planet.
An historic turning point?
And yet.
7 months later, it's Ukraine's turn to legalize no less than 13 cryptocurrencies!
A historic turning point, in which one of the co-founders of Ethereum* (one of the most famous cryptocurrencies after Bitcoin), sees a point of no return towards the adoption of these dematerialized currencies.
Because it is also the very first time, in our "modern" world, that a State has launched an appeal for donations in cryptocurrencies, in a context of war, to finance its resistance.
In synergy with the traditional banking system.
(*) Ethereum: one of the most famous cryptocurrencies after Bitcoin, very preferred in the world of NFTs
(*) Ethereum: une des cryptomonnaies les plus connues après le Bitcoin, très privilégiée dans le monde des NFT
Bitcoin formalized in El Salvador: report
Want to know more?
Watch this Arte documentary (in French)
