epa09258608 A street vendor walks with her products on a street in San Salvador, El Salvador, 09 June 2021. El Salvador will allow bitcoin to be used as a legal tender exchange currency, after the approval of the implementing law, despite the risk that the Central American country will become a tax haven that encourages money laundering and tax evasion.  EPA/MIGUEL LEMUS
A street vendor selling products in El Salvador. The country passed a law on Wednesday allowing Bitcoin to be used as legal tender. Other emerging market nations are developing their own central bank Show more

Central bank digital currencies a useful tool for emerging markets, but are not without risks

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