- The Estonian Prime Minister revealed that the government is very concerned about Adoption of Bitcoin.
- PM said cyber attacks and ransomware are majeurs to avoid Bitcoin.
Prime Minister of Estonia Kaja Kallas has revealed that the country does not would not open its arms to Bitcoin or other cryptocurrencies. The Prime Minister strongly rejected the adoption of Bitcoin by the Estonian government. This happened despite the fact that the country has a lot of digital plans for the nation's development.
Estonian Prime Minister says "No" to Bitcoin
While talk in an interview with City AM, Kallas crushed all Bitcoin expectations for Estonia. From his comments on Bitcoin, it is obviousthat the Prime Minister does not believe in technology. Kallas mentioned that one of his predecessors was a crypto bull. However, she said she was "very careful".
Further in the interview that took held at his official residence in Tallinn, the Estonian Prime Minister has stated that he will not emulate El Salvador's new Bitcoin strategy. Under the administration of President Nayib Bukele, El Salvador has officially made Bitcoin an official tender . The Prime Minister commented on the adoption of Bitcoin by El Salvador:
El Salvador is particularly currently under pressure to provide appropriate regulations fornationwide virtual currencies.
Additionally, Kallas said that some crypto industry giants tried to convince her earlier this been while she was visiting the United States.
Kallas talks about cyberattacks and ransomware
According to the Prime Minister, cyber attacks and endemic ransomware are major factors in avoiding cryptography. She explained that the Estonian government is cautious with the ongoing series of cyber attacks. Kallas noted that victims of cyber attacks generally do not share the story with the public. She said, however, that sharing the scam stories with the world was essential to warn others of possible attacks.
With un population of 1.3 million, Estonia is committed to its digital approach. When other European countries were still processing checks, Estonia was one of the first to launch electronic banking in 1996. In 2002, citizens of the country were already benefiting from tax services electronic, digital identity and electronic signatures.
In addition to Estonia's digital strategy, the country launched its online residency program in 2014. The program grants Estonians living abroad and residence permit to non-Estonians. Since the inception of the program, more than 84,000 e-residents have successfully applied. Kallas said: