Yesterday in El Salvador there were protests against the president of the country – Nayib Bukele. Thousands of people gathered in the streets of the capital.
Opponents of the 40-year-old populist, who was elected in 2019, say he has amassed too much power and weakened the independence of the country’s judiciary. Former Supreme Court Justice Sidney Blanco and also one of the protesters said,
It’s time to defend democracy. This march is symbolic, representing the weariness of so many violations of the Constitution.
Participants in the San Salvador march also protested Bukele’s controversial decision to make Bitcoin the country’s official currency. The government on September 7 launched “Chivo,” a national digital wallet
for the cryptocurrency. However, the implementation has encountered problems in the form of system errors and frequent outages.
During Wednesday’s demonstrations, some protesters attacked the new bitcomat. As Teleprensa reported, at least one machine was even set on fire.
Los manifestantes quemaron el kiosko Chivo como medida de protesta contra el #Bitcoin
Teleprensa (@Teleprensa33) September 15, 2021
Bukele condemned the protesters on Wednesday on his twitter writing
They say the ‘vandalism’ was the work of ‘infiltrators’, but there was vandalism in ALL their demonstrations.
As AP reports, the machines have not been working for most of the week since they were installed. All due to the failure of the Chivo system, which seemed to be overloaded by the number of Salvadorans wanting to take advantage of the $30 bonus, which we have already written about on our site
e announced during the Bitcoin 2021 conference in Miami that it intends to introduce BTC as legal tender in the country, concerns have begun to arise among the community.
Bitcoin is often subject to rapid fluctuations in value, which limits its functionality as an official currency. On the day of the law’s enactment alone, its price dropped 11.1 percent.
In August, protesters at a demonstration against bitcoin adoption held signs reading “Bukele we don’t want bitcoin” and “No to corrupt money laundering.” Stanley Quinteros, a member of the Supreme Court staff union, said for Reuters at the time:
We know that this coin fluctuates dramatically. Its value changes from second to second, and we will have no control over that,
The country’s Bitcoin law, passed by a large majority of El Salvador’s congress in June, requires all companies that are technologically capable to accept the coin as a form of payment. Private citizens, however, are not required to own or use it.
Restore the independence of the courts
Bukele’s New Ideas Party won a congressional majority earlier this year and immediately after taking seats in the National Assembly in May, fired five members of the Constitutional Chamber and an independent attorney general who had opposed several of Bukele’s previous actions.
Shortly thereafter, the Constitutional Chamber rejected what had long been interpreted as a constitutional ban on further presidential re-elections, setting the stage for Bukele to potentially seek a second term in 2024. Bukele has so far not announced plans to run again, but critics assume he will. Milton Brizuela, leader of the Salvadoran Medical Association, said:
The independence of the courts is important to us
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