According to the Bitcoin Law, enacted by the government of El Salvador, businesses are required to accept Bitcoin as a payment method. The aforementioned situation was harshly criticized by Ethereum Founder Vitalik Buterin.
Recognizing the crypto currency Bitcoin as the official currency, El Salvador has recently accepted Bitcoin as a payment method. made it a necessity for businesses. The aforementioned situation was criticized by Ethereum founder Vitalik Buterin.
Writing in the Reddit headline “Unpopular opinion: The crypto community should not praise El Salvador President Nayib Bukele,” Buterin said, “Requiring businesses to accept a specific cryptocurrency is a must-have for the cryptocurrency space. contrary to the ideals of freedom.”
‘Lots of innocent people can be hacked’
“Additionally, the tactic of forcing millions of Salvadorans to use BTC simultaneously, with almost no prior training, is irresponsible. Lots of innocent people can be hacked or scammed. Him-her-it Anyone who praises without criticism should be ashamed.” used the phrases.
According to article 7 of the Bitcoin Law, which was enacted by the government of El Salvador on September 7, 2021, Bitcoin by “every economic actor” be accepted as a form of payment.
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In a statement on Twitter, President Bukele stated that the adoption of Bitcoin will be completely optional and the government will not force it. bouquet, “Someone continues to carry cash, If he doesn’t want to use Bitcoin it can continue to do so.” he said. Contrary to this statement, Bukele’s legal adviser, Javier Argueta, openly said that those who do not accept Bitcoin will be punished.