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A former official of the government of El Salvador, Eugenio Girls, attended a hearing with anti-bitcoin symbols.
The former magistrate and former secretary of communication in the presidency of the Republic of El Salvador has been asked to report on the funds granted to NGOs. At the hearing, he presented himself with various crossed bitcoin symbols: they were present on a badge around his neck, in a pin pinned to his jacket, on the back of the tablet in front of him, and in a notebook placed on the desk from which he was speaking.
Speaking to reporters about his anti-Bitcoin protest, Eugenio Girls noted:
“This is a sensitive issue for the people, to use this argument and show it to the people is to show solidarity with the concern people have for the serious national economic crisis and because the majority reject it.”
Bitcoin in El Salvador, opportunities and controversies
In El Salvador, the adoption of Bitcoin is increasingly debated.
President Nayib Bukele presented the initiative to introduce bitcoin as legal tender as a viaticum for the national economy. Bitcoin will particularly help remittances by reducing commission fees. It should be mentioned that the economy of El Salvador is based on remittances, that is, money that is sent from abroad to the country.
However, not everyone is convinced by this choice.
In recent days there has been anti-bitcoin protests in the country, with unions and students taking to the streets. The peaceful protests also targeted President Nayib Bukele.
Bitcoin will become legal tender in El Salvador on September 7. With this choice, BTC could be regarded for all intents and purposes as a foreign currency, even revolutionizing the concept that national and supranational authorities have had so far of the queen of cryptocurrencies. It should be noted that Bitcoin will exist alongside the US dollar and will not completely replace it.
It only remains to wait for September and see what impact will bitcoin have on the population of El Salvador and especially on its economy. And how that will change the international scenario.
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