Are There Any Setbacks for Making Bitcoin a Legal Tender?

El Salvador is the first country globally to make Bitcoin a legal tender, despite the coin's enormous popularity. Yet, surprisingly, countries like China are openly against Bitcoin becoming a legal tender. Bitcoin's ultimate goal is to become a globally accepted financial system that could allow the exchange of goods and services, i.e., legal tender. However, the journey to Bitcoin becoming a legal tender continues to face a myriad of regulatory issues. In the United States, The Financial Crimes Enforcement Network…