Last week, after the enactment of the law in which El Salvador declared Bitcoin legal money, another news that was not a big deal in the crypto money circles was reflected in the press. The giant country of Eastern Europe, Ukraine, had legalized Bitcoin in the country.
Shortly after Bitcoin became legal in the country, it is now alleged that the country wants to make the largest cryptocurrency legal. In other words, Ukraine is preparing for a step that will have a much greater impact than El Salvador. The fact that Bitcoin is legal currency will mean that it will be on par with the current currency of the country, the Ukrainian hryvnia.
President Zelenski sent a delegation to El Salvador!
Amidst all these rumors, another very important development emerged. It was stated that President Volodymyr Zelenski sent a delegation to El Salvador before implementing his plan for the adoption of cryptocurrencies in the country and asked those in the delegation to meet with his colleagues and get information on this issue. Zelenski allegedly wants to turn Ukraine into a crypto-friendly country.
Was in Silicon Valley last week
It is also noteworthy that the 43-year-old president took such a step last week, shortly after he went to California’s Silicon Valley, where the world’s technology giant companies and startups are located. Zelenski is reportedly exploring opportunities that Ukraine can easily integrate digital assets into the country.
Will it be a two mercenary system?
Russian economist and professor Vyacheslav Evgenyev said that Zelenski wants to switch to a two-currency system in 2023, including both Bitcoin and the hryvnia:
‘Bukele and Zelinski are constantly talking’
“Bitcoin and Ukraine are a perfect match… Ukraine is now preparing for a financial revolution. Bitcoin can help to get rid of Russia’s oppressive policy. Ukraine currently has a youth that wants to break free from its financial shackles. Bukele and Zelenski established a good relationship. They are constantly talking, discussing ideas. They are making plans for the future.”
Are the protests in El Salvador experienced in Ukraine?
Many question marks arise in Ukraine’s plan to integrate Bitcoin into the country. As it is known, even the small Central American country, El Salvador, was against the Bitcoin move of the IMF and the World Bank until the end. The fact that El Salvador is a much smaller country than Ukraine in terms of both land size and population may cause the reaction of such institutions to Ukraine even greater.
It is a matter of curiosity how Russia, which is a neighbor of Ukraine and Russia, which does not view Bitcoin positively, will react… Apart from all these, even in a small country like El Salvador, Bitcoin protests started and due to the volatility of the largest cryptocurrency, employees It was claimed that he was not a good being for him.
The occurrence of similar protests in Ukraine will of course lead to much larger crowds on the streets.
Risk Disclosure: The articles and articles on Arover.net do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies.