Thousands in El Salvador took to the streets Wednesday to protest President Nayib Bukele’s growing consolidation of power and a new law making El Salvador the world’s first country to recognize the highly volatile cryptocurrency bitcoin as legal tender. Protesters in El Salvador are also criticizing a recent court ruling that paves the way for Bukele to run for reelection in 2024. El Salvador’s turn to bitcoin comes as a “surprise” to many, but has been pushed by Bukele as a way to lessen remittance fees, says Jorge Cuéllar, an assistant professor of Latin American, Latino and Caribbean studies at Dartmouth College. “There’s no reason why bitcoin should be at the top of the government agenda in a moment of pandemic, of water stress, of food insecurity, of depressed wages,” Cuéllar says. “People are very suspicious of this.”
Democracy Now! is an independent global news hour that airs on nearly 1,400 TV and radio stations Monday through Friday. Watch our livestream 8-9AM ET: https://democracynow.org
Please consider supporting independent media by making a donation to Democracy Now! today: https://democracynow.org/donate
FOLLOW DEMOCRACY NOW! ONLINE:
Daily Email Digest: https://democracynow.org/subscribe
Greetings I am April,
Reporter Controlled News. I find the truth in all the lies! The internet is an amazing place, Unfotiantly it is filled with as many lies at it is truths. It is my job to sort out the truth from all the lies. I do this to the best of my ability. Its so easy to get caught up in all the information it can be hard to sort things.
I am also part of the Area Control Network