Mow warns about the pressure that El Salvador is receiving to limit the use of bitcoin.
The United States could adopt BTC in its reserves, which would incentivize other countries.
The statements of Julie Kozack, representing the International Monetary Fund (IMF), caused controversy in the Bitcoin (BTC) community last week. This was when he suggested at a press conference that El Salvador should regulate the use of the digital currency that it adopted as legal tender, to limit its use in the public sector.
In itself, Kozack’s statements set off the alarms of the most influential members of the community that revolves around the first of the cryptocurrencies, where one of them is Samson Mow.
In that sense, the CEO of Jan3, a company in charge of promoting the massification of bitcoin or bitcoinization of the world, warned that there are “secret conspiracies” between various governments that seek to limit the adoption of bitcoin.
Mow confessed to having had meetings with the Central Bank of Suriname, which apparently showed interest in including bitcoin in its financial reserves. However, after that interaction, representatives of the Surinamese bank met with envoys from the World Bank, which, according to Mow, led to a “silence” on the possibility of adopting the pioneering digital currency.
“After seeing this type of anti-bitcoin pressure exerted in El Salvador, it is evident that there are also covert operations to subvert its adoption by nation-states.”
Samson Mow, CEO of Jan3.
Mow also suggested that the dynamics of organizations such as the IMF, World Bank and others are part of a larger effort to keep the countries of the “global south” highly indebted and dependent on traditional financial institutions.
After Mow left your commentson the micromessage network X, the community has been sending a barrage of comments. Among them, the user Axel Hoogland believe that, now more than ever, It is necessary to support El Salvador and bitcoin, because “the powers that be will continue to attack them.”
In fact, the struggle that the IMF has had with El Salvador over the Central American country deciding to adopt bitcoin as legal tender is nothing new. Although she does not express it openly, the spokesperson for the international organization has hinted that digital currency is one of the obstacles that exist to close an expanded service agreement (SAF), which would allow the Salvadoran government to access USD 1,300 to balance its finances over a period of three years.
Therefore, some X users They deduce that “any country related to the IMF will not be able to purchase BTC as a reserve asset.” Likewise, many in the community warn that challenges to bitcoin adoption will continue to exist. However, despite the fact that all the forces are combining against each other, both Samson Mow and others make their thoughts clear about the fact that the currency created by Satoshi Nakamoto is an unstoppable force that will end up prevailing.
Challenges persist in driving bitcoin adoption
Even though Samson Mow warns of possible secret conspiracies to stop the adoption of bitcoin by States. Recently there has been talk of the possibility that more and more countries in the world include the pioneer cryptocurrency in their reserves.
The United States is one of these countries, since its possibilities increased when presidential candidate Donald Trump promised to hold about 200,000 bitcoins. as a strategic reserve in case he becomes president next November.
And additionally, US Senator Cynthia Lummis presented a legislative proposal for the United States now have a strategic national reserve valued in bitcoin.
That the United States includes bitcoin in its reserves could be a fact that triggers the adoption of the digital currency by other countries, however, there are also those who believe that the idea that the North American country has a strategic reserve in BTC is not viable and, beyond that, they are just “cheap promises,” according to Saifedean Ammous, advisor to the government of El Salvador.
In any case, it is necessary to clarify that States control almost 3% of the bitcoin supply. That is because, in addition to El Salvador, the United States, China, Ukraine, Georgia and Bhutan store funds in BTC.
In many of these cases, digital currencies have remained in the hands of governments after being confiscated from those who carry out illicit activities, while others, such as the case of Bhutan, keep the results of digital mining.
Meanwhile, other countries have shown signs of wanting to follow in El Salvador’s footsteps to adopt the pioneering digital currency. The closest among them are Suriname and the United States, where There are candidates with the idea of including BTC in their national reserves.
