Would You like a feature Interview?
All Interviews are 100% FREE of Charge
A government-affiliated entity in El Salvador has dismissed claims that the country’s ambitious plan to build a haven for bitcoiners has been shelved.
Late last month, the number of Twitter-based individuals claimed They came across documentary evidence that the Department of Public Works had confirmed that the Bitcoin City project “doesn’t exist.”
They argued that the ministry, as announced by President Nayib Bukele in 2022, “made it clear” that the project was nothing more than propaganda. [stunt]”
However, Escape to El Salvador, an organization that claims to “help foreigners obtain residency and citizenship in El Salvador,” has refuted these claims.
The organization claimed that:
“There is an advance plan [to create Bitcoin City.] They just haven’t been submitted to this ministry for review. ”
However, critics will probably point out the following fact. original proposal It claimed that work would begin on Bitcoin City “in 2022.”
Has El Salvador Lost Its Desire for Bitcoin?
Several BTC-related projects appear to have been scaled back or frozen during the crypto winter.
These include the issuance of BTC bonds.
Bukele, who used to be very vocal about all things BTC-related on Twitter, has largely refrained from posting about tokens in recent months.
But he’s not shy about posting news about his extremely high approval ratings.
Bukele is on the verge of winning an unprecedented second term as president.
His Nuweiba Thought Party has an “overwhelming majority” in the country’s parliament.
Escape to El Salvador is closely related to the Bitcoin Beach project. This project is a community of Bitcoiners who turned a small group of surfing villages into a Bitcoin (BTC) powered economy.
The Bitcoin Beach project is believed to have been the main inspiration for Bukele’s pivot to BTC in 2021.
BTC was adopted as the official currency of El Salvador in September 2021.
Bitcoiners associated with Bitcoin Beach, such as one Jeremy, have worked on many projects in the country.
Jeremy is the Chief Advisor of Escape to El Salvador.
The organization is headquartered at the Bitcoin Embassy in San Salvador.
A government-backed bitcoin embassy has also opened in the Swiss city of Lugano.
In February, the government of El Salvador announced plans to open a second international bitcoin embassy in Texas.