Home World News Thousands protest in El Salvador over introduction of Bitcoin as legal tender

Thousands protest in El Salvador over introduction of Bitcoin as legal tender

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Thousands protest in El Salvador over introduction of Bitcoin as legal tender

Thousands of protesters have taken to the streets in El Salvador, angry at the introduction of Bitcoin as its legal tender.

President Nayib Bukele says the cryptocurrency will help Salvadorans working abroad to send money back home.

But demonstrators fear it will bring instability and inflation to the impoverished Latin American country.

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 Thousands of protesters have taken to the streets in El Salvador, angry at the introduction of Bitcoin as its legal tender.  President Nayib Bukele says the cryptocurrency will help Salvadorans working abroad to send money back home.  But demonstrators fear it will bring instability and inflation to the impoverished Latin American country.  Some protesters set fire to a brand-new Bitcoin machine, while others held signs reading "Bukele Dictator".  Last week, El Salvador became the first country to use the virtual currency as a legal tender, alongside the US dollar.  The demonstrators, gathered in the capital San Salvador on the 200th anniversary of the country's independence, brandishing placards reading "No to Bitcoin" and "Respect the Constitution".

Some protesters set fire to a brand-new Bitcoin machine, while others held signs reading “Bukele Dictator”.

Last week, El Salvador became the first country to use the virtual currency as a legal tender, alongside the US dollar.

The demonstrators, gathered in the capital San Salvador on the 200th anniversary of the country’s independence, brandishing placards reading “No to Bitcoin” and “Respect the Constitution”.

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