Question

Which is the first country that establishes a legal framework for a Bitcoin-backed bond dubbed “Volcano Bond"?

A Ecuador Correct Answer Incorrect Answer
B Peru Correct Answer Incorrect Answer
C El Salvador Correct Answer Incorrect Answer
D Zimbabwe Correct Answer Incorrect Answer
E Cuba Correct Answer Incorrect Answer

Solution

El Salvador, the first country to recognize bitcoin as a legal tender, passed landmark legislation that establishes a legal framework for a Bitcoin-backed bond dubbed “Volcano Bond.''

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