Why Legacy Insurance May Not Protect Adopters Of Bitcoin

Law360 (June 10, 2021, 1:41 p.m. EDT) – On June 9, El Salvador became the first country to adopt a Bitcoin standard. The law passed by El Salvador’s legislature makes Bitcoin legal tender, which means it can be used to pay off any monetary debt and means that the country will buy the digital asset for its treasury reserves.[1]

After President Nayib Bukele announced these plans at the Bitcoin 2021 conference in Miami on Jan.[2]

Despite a significant price correction last month, the price is …

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