Institutions in the traditional finance world are acting behind the scenes to maintain their relevance and prevent Bitcoin from achieving higher levels of adoption at the nation-state level. JAN3 CEO Samson Mow, whose company specifically focuses on increasing the reach and penetration of Bitcoin in nation-states globally, has declared that these institutions are not idle and are actively working to stop countries from taking their first steps into the Bitcoin ecosystem.

Commenting on the recent exchanges between the International Monetary Fund (IMF) and El Salvador, Mow declared:

After seeing this sort of overt anti-bitcoin pressure being exerted on El Salvador, you should understand that there are covert operations to subvert nation-state bitcoin adoption too.

As proof of these allegations, Mow stressed that after the company met with the President of Suriname last year to study the adoption of bitcoin to battle inflation and debt in the country, Suriname received a visit from the World Bank. After this event, all communications were dropped, and radio silence ensued.

Samson alleges these institutions use debt and financing to force developing nations to comply with their economic plans. “The loan sharks need to keep the Global South in check,” he concluded.

While some nations have been interested in Bitcoin, only El Salvador and Bhutan have developed a bitcoin treasury policy. El Salvador has close to 5,900 BTC, while Bhutan has conducted mining operations that allowed it to gather 13,000 BTC, putting it in fourth place of nations holding bitcoin.

JAN3 has been at the forefront of this push, having visited nations like Colombia, Costa Rica, Mexico, Montenegro, and Suriname, to introduce the advantages of bitcoin to these governments.