El Salvador’s bitcoin adoption caused a big stir in the world. It was almost a myth until the coin was signed into law as a means of payment. Then, the simple announcement alone shook the world, and the final launch became a hot topic.
To say that many people and organizations came for Nayib is an understatement. The country’s president received many insults, but he kept pushing until he achieved the goal.
Amongst the ones who voiced their concerns loudly is the Bank of England (BOE). Ignoring the praiseworthy things about blockchain, such as the technology’s stealthy security, the Bank of England has been skeptical about the whole idea of bitcoin, its growth, or its popularity. So, El Salvador’s President Nayib Bukele worsened its negative position. Andrew Bailey of BOE, a BTC critic, appears to be more vocal than others.
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