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© 2020 Relevant Protocols Inc.
A community for the latest discussions on Ethereum research, token engineering, governance, and cryptonetworks. Decentralize everything.
37352 Members
See All
We'll be adding more communities soon!
© 2020 Relevant Protocols Inc.
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This short piece examines the legal implications of the acceptance of BTC as legal tender in El Salvador. Its a Swiss perspective but the logic behind it applies to most countries. In short: because El Salvador has made BTC a legal tender, it could be seen as a 'foreign currency' in any country that recognizes El Salvador as a State. This in turn can have major implications for the possible everyday usage of BTC.
This short piece examines the legal implications of the acceptance of BTC as legal tender in El Salvador. Its a Swiss perspective but the logic behind it applies to most countries. In short: because El Salvador has made BTC a legal tender, it could be seen as a 'foreign currency' in any country that recognizes El Salvador as a State. This in turn can have major implications for the possible everyday usage of BTC.
[@Arak](/user/profile/Arak) While I find this exciting as a crypto holder, I know he is only doing this because he is facing potential economic sanctions due to several cases of corruption among high ranking members of his cabinet and because he illegally replaced the members of the supreme court with judges handpicked by him. This is just a way to work around those incoming sanctions and also to remain popular in social media.
[@Arak](/user/profile/Arak) While I find this exciting as a crypto holder, I know he is only doing this because he is facing potential economic sanctions due to several cases of corruption among high ranking members of his cabinet and because he illegally replaced the members of the supreme court with judges handpicked by him. This is just a way to work around those incoming sanctions and also to remain popular in social media.
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