El Salvador’s Bitcoin detractors: Opposition mounts despite crypto rollout

El Salvador’s Bitcoin detractors: Opposition mounts despite crypto rollout

Resistance against El Salvador’s move to make Bitcoin a legal tender persists even as the law comes into effect. The year 2021 will probably go down the history books as one of Bitcoin’s (BTC) most interesting years, given its recent uptake by billionaires and adoption by mainstream institutions, not to mention El Salvador’s move to make it legal tender. In El Salvador’s case, it almost seems as if the whole world is watching this experiment to see whether it will be a success or a total failure for the Central American nation.With Sept. 7 marking the official implementation of Bitcoin as....


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Thanks to El Salvador’s daring move, digital money looms large on global policymakers’ radars. On Sept. 7, in a historic first, the small Central American nation of El Salvador adopted Bitcoin as legal tender.The true significance of this day for how people all around the world exchange value and what meaning they ascribe to the concept of money will take quite some time to reify and be fully understood. Yet, what is already clear is that September 2021 will be up there next to January 2009 in the history books of the digitization of finance.Surrounded by controversy, protests, bumpy....