Bitcoin: Análisis de uso y situación legal en Ecuador.

Abstract

Payment methods converted into items, objects and different metals ultimately lead to then creation of money. The use of digital currencies is currently attracting attention, and money uses the Internet for transactions. This makes research an important area of interest. Bitcoin was chosen as the initial and best-known cryptocurrency. The bibliographic review method was used to examine sources related to the topic in question. By analyzing the situation of cryptocurrencies in Ecuador and comparing Bitcoin in various countries that were relevant to this topic. Analyze the relevant data, run a trading tutorial on software, evaluate the pros and cons of this digital currency, and ultimately provide unbiased information on the potential of cryptocurrencies in the nation. There are numerous skepticisms about its use and concerns about its regularization, but with the exception of El Salvador's Bitcoin Law, there is no conclusive legal basis for this issue, probably due to recent development and continued value. Due to globalization, Ecuador could potentially use its currency with the adoption of digital currencies or other means such as cryptocurrency price regulation.