{"id":198333,"date":"2021-09-05T18:00:49","date_gmt":"2021-09-05T17:00:49","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=198333"},"modified":"2021-09-03T21:17:37","modified_gmt":"2021-09-03T20:17:37","slug":"7-out-of-10-salvadorans-want-to-repeal-the-new-bitcoin-law","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/7-out-of-10-salvadorans-want-to-repeal-the-new-bitcoin-law\/","title":{"rendered":"7 out of 10 Salvadorans want to repeal the new Bitcoin (BTC) law"},"content":{"rendered":"

According to the latest survey from the University Institute of Public Opinion, 7 out of 10 Salvadorans want their political representatives to repeal the newly instated Bitcoin<\/a> law.<\/p>\n

The institute presented the results of its massive, state-wide survey on September 2nd, showing that the law praised by the global crypto community lacks support among the people it actually applies to.<\/p>\n

Citizens of El Salvador don't believe Bitcoin will solve the country's financial problems<\/h2>\n

The global crypto community has widely celebrated El Salvador's newly introduced law, which declares Bitcoin legal tender<\/a> in the country and equates it with the U.S. Many industry proponents believe President Nayib Bukele's law will create a precedent that will push other countries to adopt cryptocurrencies as legal means of payment.<\/p>\n

However, it seems that the people Bukele's new law applies to aren't all too happy about the changes they are about to face.<\/p>\n

The Institute of Public Opinion, a non-profit organization from the Jos\u00e9 Sime\u00f3n Ca\u00f1as Central American University, published the results of a state-wide survey yesterday morning analyzing some of the pain points Salvadorans feel.<\/p>\n

The survey revealed<\/a> that 45% of the people believe the main problems in El Salvador are poverty and unemployment. A whopping 67.7% of respondents said that they didn't believe their situation would be improved by raising the minimum wage.<\/p>\n

Furthermore, Salvadorans gave President Nayib Bukele a 7.64 rating, the lowest ever recorded for the 40-year-old since he was elected in 2019.<\/p>\n

The lack of support for Bukele has translated into a lack of support for the upcoming Bitcoin law, as well. According to the survey, 7 out of 10 Salvadorans believe that the Bitcoin law should be repelled. Additionally, 20% of the people stated that they didn't trust Bitcoin.<\/p>\n

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#ElSalvador<\/a> | Seg\u00fan encuesta del @IudopUCA<\/a>, 2 de cada 10 salvadore\u00f1os no conf\u00edan en el #Bitcoin<\/a>. Foto EDH\/ J. Guzm\u00e1n. pic.twitter.com\/Qu91n9ozmD<\/a><\/p>\n

— elsalvador.com (@elsalvadorcom) September 2, 2021<\/a><\/p><\/blockquote>\n