Although some Salvadorans near Playa El Zonte beach like the new Bitcoin tendering law implemented by the Nayib Bukele regime, some other citizens dislike the law. This week, regional reports showed that Salvadoran citizens took to the streets to protest the Bitcoin tendering law.
Salvadoran protesters call Bitcoin “too unstable”, like “playing the lottery”
One might think from some fluffy reports from some cryptocurrency magazines that everything about the new Bitcoin law in El Salvador is inflating. However, in the first week of July, Disruptiva conducted a survey of 1,233 people living in El Salvador, and most Salvadorans said they were skeptical of Bitcoin as a currency. After the implementation of the new Bitcoin tendering law, a leaked report stated that Nayib Bukele’s government team was planning to launch a stablecoin.
Now one Regional report Reports from the news media El Mundo showed that many Salvadorans took to the streets to protest against the Bitcoin law. The demonstrators gathered to oppose Bukele’s bidding law and stated that crypto assets are “too unstable.”
There is also a resistance organization called “People’s Resistance and Rebellion Obstruction”, which once wrote a letter to the Bukler regime saying that the law was unconstitutional. The organization stated that the bureaucrats under Buckler’s control did not consult citizens first, and they emphasized that the president’s actions were similar to playing a “lottery.”
Nayib Bukele is considered a “dictator”
Nayib Bukele is considered an authoritarian leader and recently Authorization Citizens must be vaccinated against Covid-19, although push backbe opposed to Experimental drugs. Some mainstream U.S. news publications call the President of El Salvador a “dictator.” In May of last year, Booker’s New Thought Party fired several Supreme Court members and the Attorney General.
Booker even tweeted about the dismissal and exclaimed that these representatives had been “fired.” It is believed that these members were fired because the Supreme Court has repeatedly ruled that Booker committed an unconstitutional mistake. The Prosecutor General of El Salvador is investigating several ministers of the Buquer regime.
On May 4, U.S. Vice President Kamala Harris talked about El Salvador in a speech. “Just this weekend, we learned that El Salvador’s parliament took action to undermine the country’s Supreme Court. An independent judiciary is essential to a healthy democracy and a strong economy. In this respect—in every aspect—we must Respond.”
Resistance said “Bitcoin serves the elite and ill-gotten gains”
Protesters who do not like the new Bitcoin law also believe that Bukele’s new thought party is wrong. The People’s Resistance and Rebellion Block Group emphasized:
Bitcoin only serves some big businessmen, especially those big businessmen who have connections with the government, to launder money.
Although an absolute majority in the Salvadoran Congress passed the law, Bitcoin (BTC) will be officially recognized by September 7, 2021. Protesters hope that during this period, El Salvadoran lawmakers will prevent Booker’s New Thought Party from successfully implementing the legislation.At the same time, some Salvadorans did not like the organization’s protests and Say: “How can it be called resistance and rebellion? Hahaha… Bitcoin is true financial freedom.”
“It’s sad to see people who seek to fall behind and limit the country’s economic development,” another person Add to.
What do you think of the protesters who do not like El Salvador’s new Bitcoin tendering law? Please tell us your thoughts on this topic in the comments section below.
Tags in this story
Bitcoin, Bitcoin Law, Bitcoin Protest, Bitcoin Tender, Bitcoin Tender Law, Bitcoin Tender Law, Corruption, Dictator, El Salvador, President of El Salvador, Camara Harris, Naybukler, Nai Bubukler Bid Law, popular resistance and rebellion block, protest bid law, protesters, resistance groups, Salvadorans, Supreme Court
Image Source: Shutterstock, Pixabay, Wiki Commons, El Mundo
Disclaimer: This article is for reference only. It is not a direct offer or invitation to buy or sell, nor is it a recommendation or endorsement of any product, service or company. Bitcoin.com does not provide investment, tax, legal or accounting advice. The company or the author shall not bear direct or indirect responsibility for any damage or loss caused or claimed to be caused by using or relying on any content, goods or services mentioned in this article.