’52 Bitcoin reforms are in the making’ – El Salvador President

Sahana Kiran
Source – Pixabay

El Salvador’s decision to give Bitcoin [BTC] a legal stature was condemned by many. This created a major divide between individuals across the globe and in El Salvador itself. Despite garnering backlash from the International Monetary Fund [IMF] and its citizens, the Salvadorian government continued to remain bullish on BTC. Now, in a similar attempt, President, Nayib Bukele revealed that reforms of the largest crypto in the world were underway.

The inclusion of Bitcoin into the lives of Salvadorians came with its own set of benefits. The tourism of the country was up by nearly 30% following the implementation of BTC as a legal tender. The crypto-friendly laws opened doors to several who migrated into the country to set up crypto-centric businesses.

Adel de Meyer wanted to try her hand in the same. However, she did not want to succumb to the norms of rich western countries. As a result, she reached out to Bukele yearning for the upcoming Bitcoin reforms. Replying to the same, Bukele announced that the government was brewing over 52 reforms. Yet, only 10 would be rolled out in the coming week.

While there’s not a lot of information about the upcoming reforms, it’s no doubt that would be Bitcoin-friendly.

El Salvador the go-to destination for Bitcoin lovers?

The most powerful countries are crippled in war. During a time like this, El Salvador was reaping the benefits of its decision to onboard Bitcoin. The formulation of Bitcoin City would certainly elevate the current rate of tourism in the region. This tax-free haven is expected to embrace all things BTC under a single roof.

All of these are certainly adding to the brewing interest among Bitcoiners. Samson Mow, the CSO of Blockstream has been a significant BTC proponent. Now, Mow landed in El Salvador and is reportedly aiding the country’s Volance Bitcoin Bond as the Chief Architect of the project.

Additionally, this list could certainly take off and more individuals like Adel de Meyer and Samson Mow could veer into El Salvador.