El Salvador’s Former minister opposes Bitcoin law
Because of the adoption of bitcoin as a legal currency, Nayib Bukele faces huge criticism from many political parties. Eugenio Chicas former government minister of EL Salvador rejected the adoption of Bitcoin as legal currency.
El Salvador became the first country to adopt Bitcoin as a legal currency. The Bitcoin legal tender law was proposed by the president Mr. Nayib Bukele and also it was passed by the lawmakers of El Salvador successfully. Bitcoin law will take into effect from September 2021. But many times Nayib Bukele was trolled by opposition authorities. This time he is facing Eugenio Chicas.
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Eugenio Chicas, El Salvador’s former government minister said that he does not agree with the Bitcoin law and it should not come into effect in El Salvador.
Before the session of the Special Commission of the Legislative Assembly, which is investigating the allocation of funds to private institutions.
Chicas took the advantage of media attention to criticize the Bitcoin law of El Salvador. He wears a card on which the Bitcoin ban sign was designed. And also posted Bitcoin ban sign paper on the laptop.
It seems that opposition parties want to challenge Bitcoin law badly against El Salvador’s president. But it also seems that no one can cancel this adoption law because already Nayib Bukele presented a Bitcoin adoption & earning strategy through the use of green sources of energy. And also he already welcomed many programs & services. And also now El Salvador has support of the many reports which claim that El Salvador’s decision is right to adopt Bitcoin as legal currency.
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