In June 2021, El Salvador’s parliament passed a landmark bill allowing bitcoin to be used as a means of payment. It was initiated by the country’s President Nayib Bukele.
Many politicians and experts from various Latin American countries supported this move. Colombian presidential adviser Jehudi Castro Sierra also believes that El Salvador made the right decision, as digital currency is the future of the global financial system.
He emphasized: “I approached Bitcoin as a great open source project. After a while, I also became interested in financial innovation and am still discovering amazing new things.”
Sierra urged not to consider him a politician. He calls himself only a specialist in a particular field and cannot influence the policy of the Colombian authorities in any way.
At the same time, the expert noted that in his country there is a growing number of citizens who are not only interested in bitcoin but also buy cryptocurrency.
Colombia has a legal area where cryptocurrency exchanges can operate. The presidential adviser called the move of El Salvador “bold” and added that the legalization of bitcoin would create conditions for faster technological development of the state.