CryptoSpiel.com
No Result
View All Result
  • Home
  • Live Crypto Prices
  • Live ICO
  • Exchange
  • Crypto News
  • Bitcoin
  • Altcoins
  • Blockchain
  • Regulations
  • Trading
  • Scams
  • Home
  • Live Crypto Prices
  • Live ICO
  • Exchange
  • Crypto News
  • Bitcoin
  • Altcoins
  • Blockchain
  • Regulations
  • Trading
  • Scams
No Result
View All Result
CryptoSpiel.com
No Result
View All Result

El Salvador mandates Bitcoin usage via Chivo wallet…or so it seems

September 8, 2021
in Regulations
Reading Time: 4 mins read
A A
0
El Salvador mandates Bitcoin usage via Chivo wallet…or so it seems
0
SHARES
3
VIEWS
ShareShareShareShareShare

During the last day preceding the controversial Bitcoin (BTC) legislation coming into effect in El Salvador, the legal advisor to the presidency, Javier Argueta, got caught in the local media web as contradictory statements about the obligation of entrepreneurs to use the government’s official digital wallet, dubbed Chivo, flooded the headlines.

As a consequence, the legal advisor to the presidency responded on Twitter, claiming that his explanation was falsely reported and wrongly interpreted, demanding rectification.

Different media amplifying the explanation

In the morning television interview, Frente a Frente, Argueta was asked about the obligations that entrepreneurs have in relation to article 7 of the Bitcoin Law.

As interpreted by some local media, including elsalvador.com, the official has stated that businessmen who do not use Chivo wallet and refuse Bitcoin transactions will be sanctioned.

Aclaración:

#ElSalvador | A pregunta del entrevistador: “Entonces, ¿a lo que yo estoy obligado es a tener la billetera electrónica?”, Javier Argueta respondió: “A tener la billetera electrónica, que los costos son ínfimos y la del Estado es gratis”.https://t.co/8m3GtnAjNI pic.twitter.com/XgEtTUKG0O

— elsalvador.com (@elsalvadorcom) September 6, 2021

El Mundo, a daily morning newspaper in El Salvador also reported on the news, amplifying Argueta’s explanation.

#EnVivo | En la entrevista @Frentea_Frente Javier Argueta, asesor jurídico de la Presidencia, dice que los empresarios que no hagan uso de la billetera Chivo y se nieguen a hacer transacciones con bitcoin están sujetos a sanciones de la ley del Consumidor. https://t.co/6e8VRPDixL

— Diario El Mundo (@ElMundoSV) September 6, 2021

“What I am obliged to do is to have an electronic wallet,” the host asked Argueta, who  confirmed, by saying “to have an electronic wallet.”

The legal advisor to the presidency further explained that “the State has provided a wallet called Chivo,” underscoring it being free and available to everyone.

“The State has granted this facility so that all entrepreneurs, large or small, have that facility,” Argueta said, while reiterating the obligation to agree to carry out any transaction in Bitcoin, but not to receive the cryptocurrency.

Demanding rectification

As a response, Argueta confronted the local media on Twitter, requesting that elsalvador.com rectifies the allegedly false statements.

“I request that the tweet be corrected or lowered,” he added.

#LoÚltimoLNSV | El asesor jurídico de la Presidencia, @gomez_argueta, ha solicitado a @elsalvadorcom que rectifique declaraciones que se le han adjudicado a su nombre, las cuales no ha realizado. “Solicito que se corrija o baje el tuit”, dijo aludiendo al derecho de rectificación https://t.co/JnX1eMKMRC

— La Noticia SV (@lanoticiasv) September 6, 2021

“I did not say that the Chivo wallet is an obligation for companies, but an additional option,” clarified Argueta in a follow-up interview with Radio YSKL, adding “what article 7 says is that the transaction is mandatory, but you decide whether to take Bitcoin or dollars.”

“No dije que la Chivo Wallet es obligación para las empresas, sino una opción más”: @gomez_argueta, Asesor Jurídico de la Presidencia es el invitado de hoy. 2/2 pic.twitter.com/hVNgKeu0nw

— Radio YSKL 📻 💻 📲 (@radioyskl) September 6, 2021

One thing is certain, El Salvador is not lacking any tension, nor attention lately. 

Get an edge on the cryptoasset market

Access more crypto insights and context in every article as a paid member of CryptoSlate Edge.

On-chain analysis

Price snapshots

More context

Join now for $19/month Explore all benefits

RELATED POSTS

SEC fight over tokenized stocks could decide whether Wall Street keeps control

Brutal Regulatory Crackdown Will Hit Crypto Without CLARITY, Warns Coin Center

SEC Chair Atkins just confirmed shock $68T timeline for tokenized markets that leaves legacy infrastructure dangerously exposed

Like what you see? Subscribe for updates.


Credit: Source link

Buy JNews
ADVERTISEMENT
ShareTweetSendPinShare
Previous Post

Utah Jazz To Offer Fans Unrestricted Access With Revolutionary NFT-Based Virtual Locker Room

Next Post

Visa Integrating Cryptocurrency Services into Brazilian Banks

Related Posts

SEC fight over tokenized stocks could decide whether Wall Street keeps control
Regulations

SEC fight over tokenized stocks could decide whether Wall Street keeps control

April 7, 2026
Brutal Regulatory Crackdown Will Hit Crypto Without CLARITY, Warns Coin Center
Regulations

Brutal Regulatory Crackdown Will Hit Crypto Without CLARITY, Warns Coin Center

March 30, 2026
SEC Chair Atkins just confirmed shock $68T timeline for tokenized markets that leaves legacy infrastructure dangerously exposed
Regulations

SEC Chair Atkins just confirmed shock $68T timeline for tokenized markets that leaves legacy infrastructure dangerously exposed

December 8, 2025
Next Post
Visa Integrating Cryptocurrency Services into Brazilian Banks

Visa Integrating Cryptocurrency Services into Brazilian Banks

Central Bank of Brazil Director States Government Will Know ‘Everything You Have in Bitcoin’ – Bitcoin News

Central Bank of Brazil Director States Government Will Know 'Everything You Have in Bitcoin' – Bitcoin News

Recommended Stories

Treasury Proposes Stablecoin AML Rules as Bessent Vows to Protect US Financial System – Crypto News Bitcoin News

Treasury Proposes Stablecoin AML Rules as Bessent Vows to Protect US Financial System – Crypto News Bitcoin News

April 8, 2026
SEC Opens Proceedings on NYSE Proposal to List Grayscale Crypto ETF Options – Regulation Bitcoin News

SEC Opens Proceedings on NYSE Proposal to List Grayscale Crypto ETF Options – Regulation Bitcoin News

April 11, 2026
Riot Blockchain Yearly Bitcoin Production Increases by 236%, Accumulates $194M in BTC

Riot Platforms Sells $289M in Bitcoin as Mining Output Drops 4% in Q1

April 2, 2026

Popular Stories

  • Renowned 3D NFT Artist Gal Yosef Announces Meta Eagle Club Collection Backed By Eden Gallery

    Renowned 3D NFT Artist Gal Yosef Announces Meta Eagle Club Collection Backed By Eden Gallery

    0 shares
    Share 0 Tweet 0
  • UAE money transfer firm Al Fardan joins RippleNet

    0 shares
    Share 0 Tweet 0
  • Leading US-based energy firm explores Bitcoin mining

    0 shares
    Share 0 Tweet 0
  • Pro-crypto Congressman Tom Emmer looks to reintroduce bill to protect non-custodial blockchain service providers

    0 shares
    Share 0 Tweet 0
  • Ripple v. SEC Lawsuit Update October 8th

    0 shares
    Share 0 Tweet 0
CryptoSpiel.com

This is an online news portal that aims to provide the latest crypto news, blockchain, regulations and much more stuff like that around the world. Feel free to get in touch with us!

What’s New Here!

  • Ripple CEO Says CLARITY Act Talks Near Breakthrough as Senate Standoff Eases
  • SEC Opens Proceedings on NYSE Proposal to List Grayscale Crypto ETF Options – Regulation Bitcoin News
  • Anthropic Reveals Claude Code Tool Design Philosophy Behind AI Agent Development

Subscribe Now

Loading
  • Live Crypto Prices
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 - cryptospiel.com - All rights reserved!

No Result
View All Result
  • Home
  • Live Crypto Prices
  • Live ICO
  • Exchange
  • Crypto News
  • Bitcoin
  • Altcoins
  • Blockchain
  • Regulations
  • Trading
  • Scams

© 2021 - cryptospiel.com - All rights reserved!

Please enter CoinGecko Free Api Key to get this plugin works.