El Salvador's National Association of Private Enterprises Criticizes Bitcoin's Volatility

On September 7, El Salvador officially adopted Bitcoin as its legal tender. In response, Javier Siman, the head of the National Association of Private Enterprises of El Salvador and a lawyer, criticized the volatility of Bitcoin on Twitter. At the same time, Siman said he was caught off guard by President Nayib Bukele's forced companies to accept Bitcoin. According to previous reports, companies that refuse to use Bitcoin for transactions in the country will face sanctions.