Protests Against The Use Of Cryptocurrency As Legal Tender In El Salvador.
Key Sentence:
- Thousands of protesters took to the streets in El Salvador, angered by the introduction of Bitcoin as a legal tender.
- President Nayib Bukele said the cryptocurrency would help Salvadorans working abroad send money home.
However, protesters fear that this will lead to instability and inflation Cryptocurrency in the impoverished Latin American nation. Some protesters set fire to new Bitcoin machines, while others held up banners reading “Bukele Dictator.” Last week, El Salvador became the first country to use virtual currencies as legal tender other than the US dollar.
Description Protesters accuse President Bukele of being authoritarian. On the 200th anniversary from the country’s independence, protesters gathered in San Salvador’s capital and waved posters saying “No to Bitcoin” and “Respect the Constitution.”
You accuse Cryptocurrency the president of using authoritarian means to strengthen his power.
Bukele has consolidated control over the judiciary, recently allowing him to run for a second straight term despite constitutional restrictions. “It is important to say this morning: enough is enough! What the government is doing is arrogant; it’s authoritarianism,” protester Dora Rivera told Reuters. But Bukele still has strong support in El Salvador. A recent newspaper poll found that 85.7% of people voted for the president.