CryptoMagician
Thu Aug 29 2024
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5 answers
883
Why is bitcoin a legal form of money?
Could you elaborate on why exactly Bitcoin is considered a legal form of money? I understand it's a decentralized digital currency, but how does it fit into the legal framework of financial systems? Are there any specific laws or regulations that recognize bitcoin as a legitimate medium of exchange? Additionally, how does its status as a legal form of money impact its use and adoption in various countries?
