A $150 million Bitcoin trust is intended to facilitate the exchange of Bitcoin into US dollars, while promoting the development of crypto infrastructure and crypto services across the country. The Bandesal Development Bank is responsible for overseeing the operation of the trusts. A further $53. 3 million is earmarked for the implementation of the plan.
This legislation, which was initiated in June by El Salvador’s President Nayib Bukele, is also disputed on the ground. Anti-Bitcoin Protests in the capital called on the state to change Article 7 of the Bitcoin law. This would oblige all companies and individuals to accept cryptocurrency as a payment method.