President Nayib Bukele's decision to make Bitcoin legal tender does not please a large part of the population.
Hundreds of residents of the capital of El Salvador came out to protest against the legalization of Bitcoin. They argue that the introduction of Bitcoin as legal tender could worsen the financial crisis.
The Salvadoran Association of International Freight Forwarders (ASTIC) is calling for an end to the mandatory acceptance of payments for services in cryptocurrency and has threatened to impose an additional 20% commission on those who pay for BTC freight to protect against high volatility.
Protesters also fear that the introduction of Bitcoin into the economy could add fuel to the rampant corruption already observed among officials.
A surveyconducted by the Disruptiva agency with the Francisco Gavidia University in July showed that about 54% of people believe the adoption of Bitcoin is wrong, 46% of respondents “know nothing” about bitcoins, and almost 65% said that they would not pay for goods in cryptocurrency.
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