IMF Now Says Donations Funded El Salvador's Bitcoin Growth

A year ago the fund claimed the total had not moved, and that the reserve was only shuffling coins between government wallets.

The top 3

  1. El Salvador: First to Declare Bitcoin Legal Tender: In September 2021, El Salvador made history by becoming the first country worldwide to legalize Bitcoin as legal tender, aiming to enhance financial inclusion and attract foreign investment.
  2. Central African Republic: Brief Legal Tender Adoption: The Central African Republic (CAR) became the second nation to legally recognize Bitcoin as legal tender in April 2022, though it later repealed the law in March 2023 due to challenges like limited internet access.
  3. Japan & Switzerland: Leading Crypto-Friendly Payment Nations: Japan has legally recognized Bitcoin as a method of payment since 2017 and regulates crypto exchanges, while cities like Zug and Lugano in Switzerland accept Bitcoin and other cryptocurrencies for tax payments and public services.

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