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El Salvador’s Bitcoin City Still On Track, Say Bitcoiners with Bukele Ties

An organization affiliated with the El Salvador government has dismissed rumors that the country’s ambitious project to create a Bitcoin haven has been abandoned.

At the end of last month, several Twitter users alleged that they had obtained documentary proof that the Ministry of Public Works had verified the non-existence of the Bitcoin City project.

It’s worth noting that President Nayib Bukele announced the Bitcoin City project in 2021, not 2022. A possible rephrased version of the paragraph could be:

Several individuals on Twitter claimed last month that they had seen documentary evidence confirming that El Salvador’s Ministry of Public Works had stated that the Bitcoin City project did not exist.

Escape to El Salvador, an organization that helps expats with residency and citizenship in El Salvador, has denied the claims made by several Twitter-based individuals that the Bitcoin City project has been shelved.

Has El Salvador’s interest in Bitcoin faded?

Amid the crypto winter, various Bitcoin-related initiatives have been either scaled down or put on hold in El Salvador.

During the recent crypto winter, various Bitcoin-related projects seem to have been either scaled back or postponed.

One such project is the issuance of Bitcoin bonds.

Furthermore, El Salvador’s President Nayib Bukele, who was previously quite vocal about Bitcoin-related

matters on social media, has been largely silent on the topic in recent months.

However, Bukele has not shied away from sharing news about his high approval ratings on social media.

Escape to El Salvador is closely affiliated with the Bitcoin Beach project, a community of Bitcoin

enthusiasts who turned a small group of surfing villages into BTC-powered economies.

Jeremy, who is a well-known figure in the Bitcoin Beach community,

serves as the Chief Advisor for Escape to El Salvador.

The organization is based in the Bitcoin Embassy located

in San Salvador, and is closely affiliated with the Bitcoin Beach project.

In addition, a government-supported Bitcoin Embassy has been established in the Swiss city of Lugano.

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