A rocky start for Bukeles Bitcoin Act-El Salvador after the assumption-

The introduction of Bitcoin as a legal means of payment in El Salvador was one of the greatest events in the world of cryptocurrencies this year. However, Nayib Bukele, President of the country, has taken a procedure that many consider wrong. In any case, the Bitcoin Act Bitcoin as a potential engine for financial change in the Central American country has moved into the spotlight.

bukeles Bitcoin law penetrates

as President Nayib Bukele announced that he would urge the adoption of a law that Bitcoin explains In El Salvador, he might not have expected all events that have occurred as a result of this decision. Be it for people who appreciate this decision, or for citizens who do not feel comfortable with it (most Salvadorians, according to some surveys), Bitcoin has become part of the country's political panorama. As such, it is used by political agents as a very important part of Bukele's mandate.

The penetration of Bitcoin, a completely external element, into the Salvadorian politics has caused a shift that may not be cheap for the government. Bukele, who is often celebrated as an outsider,, chosen by the anger of the citizens on professional politicians, had managed to maintain this support through his approach to criminal actors. Protests against him were often only small events dozens of people.

But Bitcoin and other events changed this and led to rallies against the government with massive participation. On September 15th the biggest Protest government against bukeles gathered thousands of people, which is a clear descent, of the small demonstrations of dissatisfaction that he was previously exposed. This will probably not affect his government at short notice, as surveys indicate that he still has an approval of 80 %, but it harms his balance as a guide of the people.

While everyone saw the pictures of fast food chains that accept Bitcoin as a means of payment, Bitcoin is actually far from being accepted in the country. And the government is jointly responsible for that. A citizen has reported the inability to pay a state certificate with bitcoin, which is almost very widespread in some areas.

snakes and snakes in every chivo money machine from people who sell their bitcoins for USD. Yes, but Bitcoin was a success in El Salvador #bitcoin #el salvador @bitcoinstrand pic.twitter.com/jj3b3qysfm

- Florence S. Olivares  (@laflorenceo) 23. September 2021

long snakes when swapping Bitcoin against USD

The Salvadorians don't seem to be very enthusiastic about the Bitcoin adoption in the country. There were reports from long snakes from people who withdraw the $ 30 $ btc which were given to every citizen by the administration. And while the government had announced that this was not possible, the Salvadorians found a way to do this.

inhabitants of the country found that sending these funds to another wallet seems to unlock the $ 30 for the payment without having to spend them as Bitcoin via the state-created chivo wallet. This is reportedly the reason for the long snakes to withdraw Fiat dollar at several Chivo wallet cashiers in the country. According to some reports, the mass of the Salvadorians still does not understand what Bitcoin is or its applications, and in this regard, the government has a big task of clarifying its citizens about the true value of Bitcoin.

What do you think about the state of El Salvador after declaring Bitcoin as a legal means of payment? Tell us in the comment area below.

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