Bukele’s Bitcoin legislation in El Salvador is certainly a win for Bitcoin. But is it a win for freedom?
George Selgin, Senior Fellow and Director of the Cato Institute’s Center for Monetary and Financial Alternatives, dives into the legislation: the good and the bad.
The TLDR: The legislation is an awesome step, and can be considered a glass half full. But we shouldn’t apologize for the areas where it lacks. The Bitcoin community should urge that articles 7 and 13 be repealed because at best they’re unnecessary, but at worst they go against the ethos of freedom and choice, which is what Bitcoin is based on.
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