El Salvador's Quick Bitcoin Adoption Leaves More Questions Than Answers

El Salvador’s Quick Bitcoin Adoption Leaves More Questions Than Answers

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El Salvador’s President Nayib Bukele delivers his annual address to the nation before Congress, in San Salvador, El Salvador, Tuesday, June 1, 2021. (AP Photo/Salvador Melendez)

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In a matter of just a few days El Salvador became the first country in the world to adopt bitcoin as legal tender. While many see this development as a watershed moment for the industry, the hastiness of the process leaves much to be figured out from technology and policy perspectives. Answering these key questions will provide insight into the potential success of this initiative as well as the likelihood that it gets replicated across the globe.

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I am the Director of ESG & Impact at Emergents @ Weild & Co., advancing a new model of investment banking focused on innovation and strategic governance.  I also run a

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I am the Director of ESG & Impact at Emergents @ Weild & Co., advancing a new model of investment banking focused on innovation and strategic governance.  I also run a blockchain discussion forum at Yale University.  I’ve conducted a national AML/CFT risk assessment on digital assets for the Parliament of Cyprus and compiled regulatory recommendations for blockchain legislation, identifying global best practices.  My previous publications cover industry standards for market integrity in crypto trading platforms and market infrastructure, in addition to stablecoins and central bank digital currencies.  Previously, I worked on large cross-border transactions at international development institutions. I went to Notre Dame and have an MBA from Yale. I was born in Bolivia and am a native Spanish and English speaker.

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