Debate erupts over bitcoin’s US reg status
Commodity, currency or security? Experts question cryptocurrency’s asset class after El Salvador move
Scene: the idiosyncratic leader of a small nation in Central America plans to adopt a virtual currency as legal tender; inspired by legend, he will build a city at the base of a volcano and exploit its thermal energy to power mining of the currency – and thereby throw more powerful nations’ experts into disarray.
It would be easy to believe this was the outlandish plot of a Bond movie. But truth can be stranger than fiction. And as El Salvador adopts bitcoin as legal tender – amidst its
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