On June 24, according to media reports, El Salvador’s President Naib Bukler stated in an interview that El Salvador is determined to promote the legalization of Bitcoin and believes that this will be a leap for mankind. As previously reported, on June 9, El Salvador’s Congress finally voted to pass the proposal of “using Bitcoin as legal tender” submitted by President Buckler. In September, the proposal will take effect. In an interview on Wednesday, Buckler said that the move will boost employment and the economy, and reduce El Salvador’s dependence on the current legal tender, the U.S. dollar. Although the World Bank refused to provide technical support and the International Monetary Fund (IMF) also expressed concern, he believed that the project would succeed. He said: "I am very sure that this is not only useful for us, but also useful for all mankind, because this is a leap for mankind."
This will bring an evolution in the monetary system in the world and El Salvador is the first one who involved in that but the world bank or IMF or any banking services will opposes them due to this decision which means governments also will be against them but if they believe bitcoin is the only form of currency to avoid the reserve US currency then they will be facing tough situations in the near future.
