El Salvador has become the first country to officially accept Bitcoin as legal tender. This comes following a wave of big corporations and wall street all embracing use & trading of the cryptocurrency.  President Nayib Bukele of El Salvador is also prompting further research for renewable energy sources for bitcoin mining, including using volcano steam.

The move to adopt Bitcoin as a legal tender raises questions regarding taxation and legalities, all of which must be resolved for cryptocurrencies. These issues remain the crux of governments seal of approval.