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19 September 2021

Anti-Bitcoin Protests Escalate on El Salvador Independence Day - Decrypt

Anti-Bitcoin Protests Escalate on El Salvador Independence Day - Decrypt


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Protests in El Salvador escalated Wednesday, on the country’s independence day, with local press reporting citizens’ fury at the country’s new Bitcoin law. .

Protestors set fire to a Bitcoin ATM in the capital of San Salvador.

Salvadorans are not just protesting against the Bitcoin law but also against President Bukele, who some believe has weakened the country’s courts and consolidated too much power

The Bitcoin law,announcedby Bukele in June and adopted by the legislature shortly thereafter, means that businesses have to accept payment in Bitcoin if they have the technology

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