Steve Hanke : Paraguayan Congressman Are Afraid To Adopt Bitcoin
Economist Steve Hanke said Paraguay’s government is afraid of Adoption of bitcoin because they can see what the El Salvador government is facing because of adoption in this early stage.
Johns Hopkins University economist Steve Hanke expressed his point of view on Paraguay’s government decision on bitcoin adoption.
Because of a tweet by Carlos Rejala, many American analysts assumed that Paraguay would also Legalise Bitcoin as a legal tender just like El Salvador.
But right now Carlos Rejala said that people are assuming that we are going to Legalise Bitcoin and make it use in the payment system.
We never tried or planned to Legalise Bitcoin and Adoption for payment purposes. We are only making crypto bill law so that people can buy and sell Cryptocurrency assets.
Related: Impossible To Legalise Bitcoin In Paraguay : Congressman
After this information by Carlos Rejala, Steve Hanke replied that the government of Paraguay can see the fear in advance.
The Government of El Salvador is facing many critics and also facing many problems to make an efficient and perfect financial infrastructure for the use of Bitcoin.
Related: El Salvador Will Not Get Any Support By World Bank For Bitcoin Infrastructure
So it will be a big issue for Paraguay Congressman and they don’t want to face.
Here it should be noticed that Steve Hanke is a famous critic of cryptocurrency and bitcoin assets. He tried to criticize Bitcoin use many times in history.
According to Steve Hanke, Paraguay was actually trying to follow the identical approach like El Salvador but now they are changing their approach for Cryptocurrency.
Also we can see that when El Salvador’s president Nayib Bukele announced the Bitcoin law, then Steve Hanke said ” stupid bill”.
According to economist only those latin American region states are allowing use of Cryptocurrency which are corrupt.
Probably at that time he tried to target & criticize both of these two presidents Nayib & Carlos.
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