Brian Armstrong Said That It Would Be Interesting to See If Another Latin American Country Adopts Bitcoin as a Legal Currency

Currently, El Salvador is the only Latin American country where Bitcoin can be used as legal tender for all types of goods and services.

Coinbase CEO Brian Armstrong has expressed his interest in seeing another Latin American country adopt Bitcoin as a legal currency, adding that economic freedom is the foundation of all freedom.

Armstrong also voiced his support for the Venezuelan Opposition party in advancing economic freedom.

Recently, Venezuelan Opposition Leader María Corina Machado proposed using Bitcoin as a national reserve asset, describing it as a "lifeline" and a "vital means of resistance" to aid the country's economy amid hyperinflation.

In an interview, Machado highlighted Bitcoin as a crucial element in the Venezuelans' "resistance" against the economic hardships faced under the Chávez and Maduro regimes.

This follows El Salvador's adoption of Bitcoin as a legal tender in 2021, making it the first country to officially integrate the cryptocurrency into its financial system.

However, the Central African Republic (CAR) also adopted Bitcoin as a currency last year, but its technical implementation fell short of fully pushing the cryptocurrency adoption.

It's important to note that over the past three years, we've seen numerous political figures and leaders leverage Bitcoin and crypto to gain political mileage.

This includes South Korea, Thailand, and even the U.S., where politicians have expressed full support for Bitcoin and pledged to further its use.

Currently, U.S. politicians largely favor Bitcoin and cryptocurrencies, promising to introduce Bitcoin-friendly rules and laws to protect crypto investors and promote sector adoption under a supportive regulatory environment.

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