El Salvador’s Bitcoin Law: Understanding alternatives to government intervention

El Salvador’s Bitcoin Law: Understanding alternatives to government intervention

Last year El Salvador dominated headlines as the first country to adopt Bitcoin as legal tender. Now, it’s time to promote mainstream adoption from the ground up. Last year, El Salvador dominated headlines as the first country to adopt Bitcoin as legal tender. The move is controversial both in and outside of the country, heralded for its potential to bring financial services to large portions of El Salvador’s unbanked population and criticized for its top-down implementation. This has created a sense of uncertainty and made some Salvadorans feel they lacked a choice, despite locations like....


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70% of Salvadorans opposed to Bitcoin Law as Sep. 7 implementation draws near

The majority of El Salvadorans are skeptical of the country’s impending Bitcoin Law, with 90% of locals describing their understanding of crypto as poor or non-existent. With less than a week to go before El Salvador's Bitcoin Law takes effect on Sept. 7, a majority of citizens surveyed are opposed to government-mandated cryptocurrency adoption.A survey conducted by the local Central American University’s (UCA) Institute of Public Opinion has found that 70% of Salvadorans believe President Nayib Bukele’s Bitcoin Law, recognizing the cryptocurrency as legal tender, should be repealed.....

Despite Criticisms, El Salvador Is Not Forcing Its Citizens To Use Bitcoin

Understanding El Salvador’s Bitcoin Law and dispelling FUD around Bitcoin adoption.