During a Monday interview, El Salvador's President Nayib Bukele's legal advisor, Javier Argueta, <a href="https://twitter.com/ElMundoSV/status/1434876435475353600" target="_blank" rel="nofollow noopener">stated </a>that businesses that don’t accept Bitcoin transactions and utilize the national Chivo wallet will face penalties under the country's Consumer Protection Law.

[embed]https://twitter.com/ElMundoSV/status/1434876435475353600[/embed]
<h2>Businesses In El Salvador Will Face Punishment That Does Not Accept Bitcoin</h2>
Argueta's latest remark contradicts Bukele's Aug. 23 <a href="https://twitter.com/nayibbukele/status/1429607967767289858" target="_blank" rel="nofollow noopener">Twitter thread</a>, in which he makes it plain that Bitcoin adoption will be entirely voluntary:
“If a person wants to continue carrying cash, not earn a sign-on bonus, not win over clients who have Bitcoin, not expand their business, and not pay commission on remittances, they may do so.”
Members of the opposition have not overlooked the discrepancy. Anabel Belloso, an FMLN representative, accused the administration of deception.

On September 7, El Salvador has become the<a href="https://www.cryptoknowmics.com/news/honduras-opens-first-crypto-atm-ahead-of-el-salvadors-bitcoin-adoption/"> first country</a> to make Bitcoin its official currency.
<h2>On June 8, The Legislative Assembly Approved Bukele's Bitcoin Law</h2>
The Legislative Assembly passed Bukele's Bitcoin Law on June 8, shortly after the president <a href="https://www.cryptoknowmics.com/news/infrastructure-being-built-for-el-salvadors-bitcoin-adoption-nayib-bukele/">proposed</a> it.

The bill became a major cause of contention both within and outside of El Salvador, with critics focusing their ire on the very contentious Article 7, which requires shops to accept cryptocurrencies.

The Bitcoin experiment was met with protests organized by Bukele's opponents. 

[embed]https://twitter.com/ultimahsv/status/1434681058382041090[/embed]

In what looks to be a desperate last-ditch effort, a tiny number of the President's opponents recently turned to witchcraft to place a curse on the country's leader and his family.

It's not just the opponent. 
<h2>70% Of Salvadorans Want The Cryptocurrency Policy Change</h2>
El Salvador is on track to become the world's first country to accept Bitcoin as its official currency. The great majority of the people, on the other hand, are <a href="https://www.cryptoknowmics.com/news/el-salvador-to-kickstart-bitcoin-experiment-amid-widespread-protests/">not pleased</a> with the plan.

According to a recent IudopUCA study, 7 out of 10 Salvadorans want President Nayib Bukele's Bitcoin law to be repealed.

About 45% of individuals are afraid that the two most serious issues confronting the country right now are poverty and unemployment.

Some critics argue that sectors such as health and education should have been prioritized before cryptocurrency. 

According to a recent study, 65% of Salvadorans are unwilling to download the government's cryptocurrency wallet, Chivo.

Businesses in El Salvador that Do Not Accept Bitcoin May Face Penalties

Businesses in El Salvador that do not accept Bitcoin and use the national Chivo wallet will face penalties under the government's Consumer Protection Law.

Kavya Barua is a voracious learner who is fascinated by crypto and Fintech advancements. Graduated from Janki Devi Memorial College's B.A (Hons) English program at the University of Delhi. She aspires to be a successful professional, having a keen interest in learning and achieving results.

Businesses in El Salvador that Do Not Accept Bitcoin May Face Penalties

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