BITCOIN AS THE SECOND LEGAL CURRENCY IN EL SALVADOR

On this occasion, dear readers, I bring you a topic that arouses much controversy in Salvadoran society and in the entire world and has to do with the decision of the Salvadoran state to make bitcoin legal tender in the country along with the dollar. First, it must be said that at the proposal of the Executive, the Legislative Assembly decided on June 8, 2021, to make El Salvador the first country in the world to make bitcoin legal tender, stating intensely that bitcoin would attract a lot of foreign investment to the country and that in turn the compatriots who send remittances from abroad could send them to El Salvador without the need to pay commissions or fees for these transfers. Second, it is important to mention that the Salvadoran population took it with skepticism since it was something unknown to the vast majority. However, the great government advertising campaign was very large in order to convince the population to pay using bitcoins, even creating a government ap...