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ROLLUP: 2nd Week of June (El Salvador, Elizabeth Warren, Bitcoin FBI Ransom, Polygon & Arbitrum)

Bankless

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El Salvador's Bitcoin Journey

This chapter explores El Salvador's historic decision to recognize Bitcoin as legal tender, the potential benefits and challenges for its citizens, and the mixed reactions from the crypto community. It critically examines the implications of this move, including the stark contrast between the coercive nature of the law and the foundational principles of cryptocurrency. The chapter further discusses the innovative use of geothermal energy for mining and the prospect of El Salvador becoming a leader in cryptocurrency adoption in Central America.

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