Tag: Legal tender

ZiG: Zimbabwe abandons gold-backed digital currency, launches fiat

This physical fiat currency, consisting of notes and coins, will be backed by gold in the same manner as the digital token was. ...

What we learnt from El Salvador, Bitcoin 1 year later

El Salvador’s master plan included the launch of a Bitcoin volcanic bond; cryptocurrency-backed government borrowing Just 6 months after it came into effect,...

Crypto adoption: the political economy of Central Africa Republic’s bold Bitcoin ‘decision’

The Central Africa Republic is the first African nation and the world’s second after El Salvador (who took a similar move on September 7, 2021) to recognize bitcoin as legal tender.