Bukele Answered US Senators’ Remarks on El Salvador’s BTC Policy

by in Cryptocurrency News

Nayib Bukele Bitcoin El Salvador

The president of El Salvador, Nayib Bukele, responded to the US Senators, who published a paper analyzing the country’s Bitcoin adoption. He said that the US congresspeople don't have any right over an independent country.

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Via a tweet, Bukele said that they should stay away from the country's internal policy.

Earlier US Senators Jim Risch, Bill Cassidy, and Bob Mendez published a document calling for a State Department to investigate economic, cybersecurity and democracy risks in El Salvador.

Another goal of the act would be mitigating the possible risks that the US may face as a result. According to the analysis, El Salvador's adopted policy may weaken the influence of the US sanctions, and be used for crime purposes.

El Salvador is the first country that adopted BTC as a legal tender in September 2021. Since then the step has been in the center of discussions. In January the International Money Foundation urged the country to revise the decision, mentioning the related risks.

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Nayib Bukele, finds that the country will benefit from BTC adoption, and could become a center of economic revolution.

The government plans to create a BTC city at the base of a volcano, and use natural energy for mining new coins. Salvadoran presidents criticize the attempts of the USA, Canada, and others that attempt to middle and control other countries. On February 17, Bukele shared a part of a speech by president Biden, where he said that all nations have the right for sovereignty, saying that it refers to El Salvador as well.