President Andres Manuel Obrador has made it clear that the country doesn’t intend on accepting digital currencies as payments any time soon.
Following the bold steps of El Salvador, countries in Central America such as Honduras and Guatemala are looking into analyzing digital currencies with a goal to adopt them.
The comments from Deputy Chairman Behzod Khamraev came after El Salvador adopted BTC as a legal tender, which led to significant protests and unrest in the country.
A representative of President Vladimir Putin put it beyond doubt that Russia doesn’t intend to reverse the digital currency payments ban, let alone make it legal tender.
A Panamanian lawmaker has introduced a new bill seeking to legalize and regulate digital currencies in the country, following the steps of El Salvador.
When it was announced that El Salvador would be using “bitcoin” as legal tender in the third world nation and that businesses would be forced to accept it as payment small blockers jumped for joy, Kurt Wuckert Jr. writes.
Salvadorians have held their ground and rejected the imposition of BTC as legal tender, with fresh protests breaking out a week before Bitcoin Law takes effect.
The world’s first country to adopt BTC as legal tender is now preparing for its rollout this coming September but pulls back from requiring the nation’s residents from using the digital currency.
Banco Central de Reserva, the central bank of El Salvador, has published two draft documents pertaining to the offering of BTC products in the country.
A United Nations commission weighs in on El Salvador’s move to accept BTC as legal tender, warning the Latin country of economic, financial and legal challenges ahead.