Retirees in El Salvador protest against Bitcoin adoption
Retirees and veterans in El Salvador are worried that the government would start paying their pensions in Bitcoin instead of the U.S. dollar. Amid El Salvador preparing to officially enforce the country’s Bitcoin (BTC) law in early September, Salvadorans took to the streets to protest over the adoption of BTC as an official currency.El Salvador’s anti-Bitcoiners have expressed discontent regarding the government’s plans to adopt Bitcoin as legal tender, with hundreds of protesters marching through the capital San Salvador last Friday, Euronews TV network reported.The demonstrators —....
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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....
El Salvador is the first country in the world to recognize Bitcoin as legal tender. Despite opposition from local groups, the government believes cryptocurrency will be a net positive for the economy and society. El Salvador president Nayib Bukele confirmed Monday that his government has purchased its first 200 Bitcoin (BTC) ahead of the Sept. 7 rollout of a new law set to make the cryptocurrency legal tender. “Our brokers will be buying a lot more as the deadline approaches,” Bukele said, referring to the Sept. 7 timetable for fully implementing the new BTC legislation. El Salvador has....
The reduction of the remittance cost seems to be the major reason for the adoption of Bitcoin by El Salvador. CABEI has recognized that remittances are a vital feature of El Salvador’s BTC adoption policy. Central American Countries May Adopt Bitcoin After El Salvador Recently, it was reported that the expectations of the RDB (Regional […]
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 […]
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....