Crypto adoption

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El Salvador, in a situation similar to Panama's reliance on the U.S. dollar, became the first country in the world to recognize Bitcoin as legal tender in 2021
The U.S. state of Colorado began accepting crypto payments for taxes in September 2022, with all payments immediately converted to fiat currency
The city of Lugano, Switzerland, announced in December 2023 that taxes and city fees could be paid in Bitcoin, earning it a global reputation as a recognized Bitcoin city
Central African Republic recognized Bitcoin as a legal tender in 2022

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