I believe President Bukele never claimed their summit among South American central bankers to be all, and just about Bitcoin. Bitcoin is merely part of it. Read the Twitter post, it said "talks about financial inclusion, banking the unbanked, AND Bitcoin". It's not a "Bitcoin conference", but Bitcoin is obviously one the main topics to be discussed.
That is true, it is not only about bitcoin, it is about financial inclusion, digital economy, banking the unbanked the bitcoin rollout and its benefits in our country. But according to what was posted above, some central banks do not know that bitcoin was even part of it while do not care, while some like it and saw it amazing. All I know is that bitcoin can not be accepted by all central banks in just one day, and if some do not accept it, that does not mean bitcoin adoption will not continue. What surprised me most is that China that it's mining operation and hashrate went to zero during last Chinese government crackdown are producing the second largest hashrate now if the news I read it from is saying the truth.
Following El Salvador there were few countries on the path of bitcoin adoption. One amongst is Panama where everything is done and waiting for the president's approval. The president have taken a stand that bitcoin adoption happens along with AML policy tied to it. Maybe this can take few months for the development. Little by little something happens positive and Countries will stand out for adoption.
That is true, it remains Laurentino Cortizo which is the present Panamanian president to sign the bill, Panamanian legislature has passed it to the president to sign. The president support some aspect of the bill but saying illicit use of cryptocurrencies should be addressed. I thought the legislature should have done that. Only little time remains, Panama president woukd most likely soon sign the crypto bill into law.
People should wait before making out some conclusions on what El Salvador had done which it isnt right on making out direct assumptions on a short span of time.They are fully aware on what things
attached with Bitcoin specially into its volatility.
You can read this:
Re: El Salvador has become the first country to make #Bitcoin legal tender!
Also in the research, 71% of bitcoin sales are mostly converted to dollar, 17% stored as dollar on Chivo wallet while 10% stored as bitcoin.
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Citizens are not also force to accept bitcoin for payment while many of them accepts it and convert it to USD.
If you are looking with the current condition then lots would really be saying that the decision made was wrong because it do really mainly affecting
their economic status specially on a bear market but we know on how recovery works or possibility.
Probably you haven't been posting here as you just brought back what as been talking about here, you can try and go back some pages like on the beginning to read than bring up what ha sbeen posted here before. I can not go back much but will just tell you that before El Salvador adopted bitcoin as a legal tender in their country, El Salvador has been in dept and fiat was not still the savior for them.