The only logic I have heard is that El Salvador receives a large amount of remittances from the USA, from which banks and Western Union take a big cut. But Nay

The only logic I have heard is that El Salvador receives a large amount of remittances from the USA, from which banks and Western Union take a big cut. But Nayib Bukele is an autocratic president, which is making El Salvador less democratic by the day. In this case I think it's fair to blame the Bitcoin stuff to incompetence and/or corruption.