One drama after another has started with Bitcoin in the world. Cryptocurrencies around the world are being destroyed and attempts are being made to legalize Bitcoin in different countries. However, I will try to present this news to us as very important. A notification was issued for him to become a valid tender in El Salvador within three days of not being able to drink for a while. Meanwhile, a nationwide survey conducted by the University Institute of Public Opinion (IDOP) found that 7 out of 10 people want the Bitcoin law to be repealed and everyone wants to be able to trade Bitcoin legally. A private company has issued a notification on why Bitcoin will be declared illegal in our country.
El Salvador’s Bitcoin Act is announced to take effect within 3 days
The University Institute of Public Opinion (IDOP) in El Salvador conducted a survey between August 1 and August 20 to see how people view the country's upcoming bitcoin law. Seven out of 10 people in the country have voted against the law, according to a survey of people who have analyzed the law and how people think about it. Everyone wants to be allowed to use Bitcoin legally in their country. The institute is a research center at Jose Simon Canas Central American University (UCA). El Salvador’s bitcoin law is set to take effect on September 7, when BTC will issue legal tender in the country alongside the US dollar. If this law goes into effect, the people of El Salvador’s country will not be able to associate themselves with Bitcoin and cryptocurrency in any way, and anyone who trades with Bitcoin will be brought under the law at every step.
According to the institute, a total of 12,821 respondents aged 1 year and older took part in the national survey, which "represents the entire adult population living in the country". Elderly people also called on their family members to take part in the polls and all the people in the vicinity expressed their protest in a festive atmosphere and 12821 respondents took part in the national survey directly.
.42.% Of all respondents said they were aware of the approval of the Bitcoin Act by the deputies in the current legislature in June. According to the Bitcoin Act, when 30% agreed, 30% of those who hit the Bitcoin Act voted in favor of the Act in one way or another, and everyone else voted against the Act.
Meanwhile, data shows that about 70% of Salvadoran people have asked the government for a vague idea of what Bitcoin is. What kind of profitable role can we play if we refrain? Also wanted to know more. In many countries of the world where bitcoin is being traded legally, they are not facing the harmful aspects of why it will affect our country and 20.6% did not know what bitcoin is. They have never heard of such a name. 20 percent of people have never had an idea about Bitcoin. These 20 percent may or may not be older people. Only 4.8% correctly define it as a cryptocurrency, the study adds:
10 About 7 people in Salvador believe that legislature deputies must repeal the bitcoin law.
Regarding the potential impact of Bitcoin law on El Salvador's economy, one-third of the population believes that prices for goods and services will rise and that the overall economic situation will worsen with the use of Bitcoin as legal tender. In that case, the image of the country may be ruined and some people think that the image of the country will be brighter
Moreover, about eight out of 10 Salvadoran said they had little or no interest in downloading and using the government’s Bitcoin wallet, Chivo.
Completion of research:
The UCA survey reveals that there is widespread ignorance about Bitcoin among the Salvado population. According to this opinion poll, the majority of the Salvadoran population has a misconception about what bitcoin is.