EL Salvadorians Go On The Streets In Protest Against Adoption Of Bitcoin As L...
Despite a three-month restriction on protests, a group of El Salvadorians comprised of leftist unions, student organisations, and others gathered at the Legislative Assembly to denounce the country’s acceptance of Bitcoin as its official currency. El Salvadorians Are Divided On Bitcoin Adoption A group of demonstrators gathered outside El Salvador’s National Assembly to express their […]
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Those who marched against Bitcoin this week claimed the cryptocurrency was too volatile and would allow businesses to "launder ill-gotten money." Protesters calling themselves the Popular Resistance and Rebellion Block have come out against El Salvador’s government passing a law making Bitcoin legal tender.A Tuesday tweet from local news outlet El Mundo shows El Salvadorians carrying banners saying “no to Bitcoin” in the streets of San Salvador demanding a repeal of the country's Bitcoin law. Legislative assembly members Anabel Belloso and Dina Argueta addressed the protesters after first....
While some Salvadorans situated near Playa El Zonte beach like the new bitcoin tender law implemented by Nayib Bukele’s regime, a number of other citizens dislike the law. This week, regional reports show citizens from El Salvador have taken to the streets to protest the bitcoin tender law. Salvadoran Protestors Say Bitcoin Is ‘Too Volatile’ and Like ‘Playing the Lottery’ One might think from some of the fluffy reports stemming from a number of cryptocurrency magazines that all is swell in El Salvador in regard to the new bitcoin law. However, during the first....
Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link.Top Stories This WeekNigeria’s central bank partners with fintech firm Bitt Inc. for CBDC rolloutCentral bank digital currencies, or CBDCs, which some have described as the spawn of Satan, made headlines this week after multiple countries ramped up efforts in developing their own digital money.On Aug. 30, it was reported that the....
Despite the latest Bitcoin dip, President Nayib Bukele tweeted that 1.6 million Salvadorians now use the Chivo Wallet. With a population of 6.5 million, this figure constitutes a quarter of the country’s population. 1.6 millones de salvadoreños ya utilizan @chivowallet 🥳 Y subiendo…#Bitcoin🇸🇻 — Nayib Bukele 🇸🇻 (@nayibbukele) September 20, 2021 On Saturday, President Bukele […]
The ability of Bitcoin to resist inflation, its characteristic independence towards government legislation among other several qualities makes it an automatic safe haven for embattled economies. On Monday, Feb. 6, 2017, youths across different cities of Nigeria took to the streets to protest against the leadership of the nation. One of the major reasons for the nationwide protest is the high level of inflation of its national currency. Nigerians are revolting against government. At the time of writing, the exchange rate of the Nigerian Naira to the US dollar in the parallel market is about....