{"id":389974,"date":"2022-01-05T17:30:00","date_gmt":"2022-01-05T14:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/el-salvador-how-it-started-vs-how-it-went-with-the-bitcoin-law-in-2021\/"},"modified":"2022-01-05T17:30:00","modified_gmt":"2022-01-05T14:30:00","slug":"el-salvador-how-it-started-vs-how-it-went-with-the-bitcoin-law-in-2021","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/el-salvador-how-it-started-vs-how-it-went-with-the-bitcoin-law-in-2021\/","title":{"rendered":"# El Salvador: How it started vs. how it went with the Bitcoin Law in 2021"},"content":{"rendered":"

“# El Salvador: How it started vs. how it went with the Bitcoin Law in 2021 <\/strong>”
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Before June 2021, news<\/a> regarding Nayib Bukele was likely not even a blip on many crypto users\u2019 radar screens. The Salvadoran president instead made headlines for allegations of corruption and dictator-like behavior after his party\u2019s congressional majority sacked five members of the country\u2019s Supreme Court and its attorney general<\/a>.<\/p>\n

During the Bitcoin 2021 conference in Miami, however, Bukele stunned many participants and garnered international attention by announcing he planned to have El Salvador adopt Bitcoin (BTC) as legal tender. Within a week, a supermajority of the Salvadoran Legislative Assembly \u2014 most members of Bukele\u2019s own party \u2014 had passed the Bitcoin Law, requiring all businesses to accept the crypto asset as a form of payment alongside the United States dollar. <\/p>\n

Bukele\u2019s involvement in the crypto rollout seemed to extend further than many would have expected from a world leader. The Salvadoran president was already active on social media<\/a> and presented himself differently than many politicians, often casually dressed in a baseball cap and jeans. Since the Bitcoin Law went into effect in September, he has used his Twitter account to announce several BTC buys totaling 1,391 BTC \u2014 more than $71 million, presumably from El Salvador\u2019s national treasury. He also proposed having the country tap geothermal energy from its volcanoes to mine crypto.<\/p>\n

Locally, opposition to the Bitcoin Law manifested itself in the form of public statements from lawmakers not connected to Bukele\u2019s political party as well as protests in San Salvador. Before the law went into effect on Sept. 7, a group of retirees, veterans, disability pensioners and workers marched through the capital city to voice their concerns about the crypto asset\u2019s volatility and how the Bitcoin Law could potentially affect their pensions. Protesters calling themselves the Popular Resistance and Rebellion Block carried banners saying \u201cNo to Bitcoin\u201d in the streets to demand a repeal of the law. <\/p>\n

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Servicio social. Para los que quieran imprimir stickers de #NoAlBitcoin<\/a> aqu\u00ed les dejo vectores en SVG e im\u00e1genes en alta resoluci\u00f3n. El vector de la derecha es para corte en Vinil.<\/p>\n

Me mandan foto de donde los peguen porfa. <\/p>\n

Descargas https:\/\/t.co\/jNrBlW33ox<\/a> pic.twitter.com\/693Esr42ri<\/a><\/p>\n

\u2014 Se\u00f1or del Caos (\u03b1) (@mxgxw_alpha) August 15, 2021<\/a><\/p><\/blockquote>\n