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    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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