The question of what regulators should do about cryptocurrencies is only becoming more complicated, as one small central American nation becomes the first country to make bitcoin legal tender.
A glimpse of what the future of crypto could look like arrived on 7 September in El Salvador, where citizens can now pay their taxes, buy a house and shop in bitcoin. Though the country’s developing infrastructure is not comparable to what might happen if UK banks were to accept bitcoin en masse, its trial may prove helpful for foreign regulators attempting to forecast the sector’s potential.
