According to a poll by the Central American University, 70% of El Salvadorians do not support the adoption of a law to legalize bitcoin in the country.
During
research José Simeon Cañas University of Central America surveyed 1,281 people between August 13 and 20. Seven out of ten residents of El Salvador want the government to repeal the law that will make bitcoin legal tender starting September 7.
20% of the citizens surveyed do not trust Bitcoin, and 43% of the respondents believe that it destabilizes the economy of El Salvador. Only 17% showed an optimistic attitude, saying that bitcoin could improve the economic situation in the country.
The survey found that Chivo’s digital wallet and the $ 30 bitcoin giveaway did not generate much enthusiasm among citizens either. 65% of those surveyed answered that they were not going to use this wallet, and only 5.5% of Salvadorans showed interest in it. When asked whether the use of bitcoin should be mandatory for the population, the vast majority (96%) said it should be voluntary. Six out of ten survey participants strongly disagree with the government’s decision to spend the state budget on Bitcoin adoption in the country. More than half of the respondents believe that after the entry into force of the law on the legalization of bitcoin, food prices will rise dramatically.
“We believe that instead of this law, which costs more than $ 203 million, the development of the security, health and education sectors could be supported. This law will not benefit the people of El Salvador, but will lead to economic damage, ”said Secretary of the Union of Judicial Officers Stanley Quinteros.
In June, the World Bank refused to help El Salvador’s government integrate bitcoin into the country’s monetary policy due to environmental concerns that could be associated with mining and a lack of cryptocurrency transparency.
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