TL;DR Breakdown El Salvador government releases explainer video on Bitcoin law.Government turning deaf ears to protest and move against Bitcoin becoming legal tender. The government of El Salvador has published an explainer video on the Bitcoin law passed by the parliament recently. The video explained how Bitcoin would work, the Chivo wallet, and what Salvadorians should expect by September 7 when the Bitcoin law comes into effect. The video clearly indicates that the Salvadorian government is turning deaf ears to protests and revolt by residents demanding a reversal of the Bitcoin law. Bitcoin Law explainer video message In the explainer video posted by President Nayib Bukele on Tuesday, it noted that the BTC would become legal tender alongside the U.S. dollar. Voiced in Spanish, the video stated that using Bitcoin is not mandatory. It states that locals will have the option of paying and receiving payment in Bitcoin or dollars. The video stated that cash transactions, prices, salaries, and pensions would continue to be in dollars. “You will have the option to use the government’s wallet for free to make transactions in bitcoin or in dollars at any time of day and without fees. You can also use any other wallet to make your transactions,” the video continues. A partir del 7 de septiembre #Bitcoin @chivowallet pic.twitter.com/HNiHWdY3x1— Nayib Bukele (@nayibbukele) August 30, 2021 “With our wallet, you will receive a ...
