Bitcoin Law

But I'm going to be explicit without mentioning names, right? But if you know a little bit of ownership of banking system of El Salvador, you'll see that Bank interest, meaning owners, you know, like true owners of banking, and especially traditionally held banks.

At the moment of Bitcoin law was passed, majority of those were completely against the government.

Not because of Bitcoin.

Yeah.

And there's a Latin American entity called the Gafilat, who is simply the mirror for FATF.

So if you want to play the game of money, you have to comply for Gafilat in Latin America.

Salvador signed for Gafilat and Gafilat, after hearing Bitcoin law, came in and they did a visit and they said, OK, you want to play Bitcoin as legal tender? Increase all your controls because Bitcoin is risky and you need to comply with our rules because you are part of Gafilat.

So if you don't, FATF will say you are not compliant.