Global Hesitation Surrounds Bitcoin Legal Tender Adoption

Despite growing interest in cryptocurrency, a significant hurdle persists: global hesitation regarding Bitcoin as legal tender. As of August 2025, no other country has followed El Salvador and the Central African Republic’s pioneering steps to officially recognize Bitcoin as legal currency. While several jurisdictions like the UAE and Singapore express interest in regulating cryptocurrencies, concrete legislative actions remain absent. This reluctance stems from a combination of factors: the potential for financial instability, concerns about regulatory frameworks, and the need for robust infrastructures before full-scale adoption.