{"id":336218,"date":"2021-09-08T07:07:48","date_gmt":"2021-09-08T04:07:48","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/el-salvador-says-merchants-must-process-btc-transactions-or-they-may-face-action\/"},"modified":"2021-09-08T07:07:48","modified_gmt":"2021-09-08T04:07:48","slug":"el-salvador-says-merchants-must-process-btc-transactions-or-they-may-face-action","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/el-salvador-says-merchants-must-process-btc-transactions-or-they-may-face-action\/","title":{"rendered":"# El Salvador says merchants must process BTC transactions \u2014 or they may face action"},"content":{"rendered":"

“# El Salvador says merchants must process BTC transactions \u2014 or they may face action <\/strong>”
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In an interview<\/a> with local media<\/a>, Javier Argueta, the legal counsel to the Presidential House of El Salvador, clarified the obligations of businesses the day before the country\u2019s controversial Bitcoin Law recognizing BTC as legal tender took effect.<\/p>\n

The legal counsel to the President of El Salvador has stated that businesses are mandated to accept Bitcoin from customers \u2014 but they are able to choose whether or not they will receive BTC or U.S. dollars once the transaction is settled.<\/p>\n

According to a rough translation, Agueta emphasized that it is mandatory for businesses \u201cto have the electronic wallet\u201d to receive Bitcoin, however \u201cIn the transaction […] you have the will to receive Bitcoin or dollars, that is why it is voluntary.\u201d<\/p>\n

\u201cIf I buy you 1,000 shirts that cost $200 and I’m going to pay you in Bitcoin, you have the wallet, but in the transaction, when you do it, you have the will to receive Bitcoin or dollars, that is why it is voluntary.\u201d<\/p><\/blockquote>\n

The official added that businesses which refuse to accept BTC will be operating in violation of local regulations. ElSalvador.com’s story states: “According to Argueta, all businesses are obliged to make the transaction in Bitcoin and despite the fact that neither the law nor the regulations clearly state it, if the business does not accept it, it is exposed to referrals of infractions to the Consumer Protection Law.”<\/p>\n

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#ElSalvador<\/a> | Seg\u00fan Javier Argueta, asesor jur\u00eddico de Capres, todos los empresarios que no hagan uso de la billetera Chivo y se nieguen a hacer la transacci\u00f3n con #Bitcoin<\/a> se enfrentan a legislaciones como Ley de protecci\u00f3n de consumidor; se har\u00e1n remisiones.<\/p>\n

\u2014 elsalvador.com (@elsalvadorcom) September 6, 2021<\/a><\/p><\/blockquote>\n