One El Salvador A government-affiliated organization has dismissed claims that the country’s ambitious plans to create a haven for bitcoiners have been shelved.
Late last month, several Twitter-based individuals Claimed that he has received documentary evidence that the Ministry of Public Works has confirmed that bitcoin city project “does not exist.”
He claimed that the ministry “has made it clear” that the project, as announced by President Nayib Bukele in 2022, was “just a hype”. [stunt],
But Escape to El Salvador, an organization that claims to “assist migrants in obtaining residency and citizenship in El Salvador”, denied these claims.
The organization claimed:
“Advanced plans are [to create Bitcoin City.] They have not yet been submitted to this Ministry for review.”
However, critics will point to the fact that original offer Claimed that work on Bitcoin City would begin “in 2022”.
Has El Salvador Lost Its Appetite For Bitcoin?
It appears that a number of BTC-related projects have been scaled back or put on ice during the crypto winter.
These include issuing btc bond,
Bukele, who was once very vocal about all things BTC-related on Twitter, has largely avoided posting about the coin in recent months.
However, he hasn’t shied away from posting news about his sky-high approval ratings.
Bukele is seeking to win an unprecedented second term as president.
His Nuevas Ideas party has a “supreme majority” in the country’s parliament.
Migration from El Salvador is closely related to bitcoin beach projectA community of bitcoiners that transformed a small group of surfing villages bitcoin (btc)-driven economies.
The Bitcoin Beach project is believed to have been the main motivation 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 Anonymous Jeremy, are working on several projects in the country.
Jeremy escapes to El Salvador’s chief advisor.
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 Salvadoran government unveiled plans to open a second international bitcoin embassy in Texas.