Andreas Kohl, a bitcoin enthusiast who moved to El Salvador three years ago, has decided to leave the country due to the disappointment caused by the current administration's handling of bitcoin adoption and unfulfilled promises. Kohl praised President Nayib Bukele for his policies in personal security but expressed dissatisfaction with the government's failure to fulfill promises such as making bitcoin legal tender, launching Bitcoin bonds, creating Bitcoin City, and offering citizenship for investments. Kohl criticized the government for ignoring proposals from builders while embracing influencers and marketers. Another critic of the administration's direction is John Dennehy, founder of Mi Primer Bitcoin, but he has chosen to stay and continue his work in the country. The impact of the $1.4 billion deal with the IMF on El Salvador's reputation as a bitcoin-friendly nation remains to be seen.
Content Editor ( news.bitcoin.com )
- 2025-03-07
Unkept Promises: Developer Leaves El Salvador After Change in Bitcoin Stance
