Salvadoran President Nayib Bukele promises bitcoin law won’t apply to citizens

On 23 August, the president of El Salvador announced the bitcoin bidding law, which will take effect on 7 September. Salvadoran president Nayib Bukele said bitcoin would not be forcibly authorized and that they could accept bitcoin “if they wanted to” and say no if they were not interested in using the cryptocurrency.

Salvadorans will not be forced to use bitcoin against their will, says President Nayib Bukele
A little more than two weeks or 15 days later, El Salvador’s bitcoin bidding law is scheduled to take effect. Since the supremacy in El Salvador’s Congress enacted the law, there has been much speculation as to whether it will work.

Bitcoin infrastructure is being built. Photo Salvadoran President Nayib Bukele shared.
Nayib Bukele tweeted about the case on August 23, 2021, explaining to his 2.8 million Twitter followers that the bitcoin law would not be mandatory. There have been many criticisms of the law forcing citizens to use bitcoin (BTC) against their will.

“This is going to happen on September 7,” Bukele said. “People will be able to download the app to receive payments or gifts in bitcoins or US dollars. They download the app if they want to, and they don’t if they don’t want to, ” the Salvadoran President added. Added bouquet:

“With this app, you can accept payments in bitcoins or dollars, open and manage a small business from there, take money from family or friends, and send and receive transfers without paying anyone a penny.commission.”

Use Bitcoin bank branches, crypto ATMs or Western Union and pay the fee
Since El Salvador’s president floated the idea of legalizing bitcoin as El Salvador’s national tender, opinions have swirled about the country’s choice. Bank of America outlined the various benefits El Salvador could see by adopting BTC, while the International Monetary Fund (IMF) expressed some negative attitudes towards the idea.

Bitcoin ATMs to be distributed in El Salva

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