Demonstrators protest against Bitcoin in front of the parliament of El Salvador Salvador

cryptoshitcompra.com/wp-content/uploads/2021/07/Demonstrators-protestan-contra-Bitcoin-frente-al-parliament-de-El-Salvador.jpg »alt =» Demonstrators protest against Bitcoin in front of the Parliament 101 of El Salvador »Class =» content-img »/> Source: video capture, Youtube, La Prensa Gráfica Noticias de El Salvador

A group of protesters took to the streets in front of the National Assembly in El Salvador to express their contempt for President Nayib Bukele’s bitcoin law, an act that will make bitcoin (BTC) legal tender starting in September.

Opposition voices have made their sentiments clear in the nation’s media, many of which are hostile to Bukele and what they feel is turning into an increasingly autocratic regime.

Bukele effectively crushed the law in parliament in a matter of days, using the vast majority of his New Ideas party in the assembly. Opposition efforts to have the bill fail using the courts have so far failed as well, though critics say this is largely due to Bukele replacing previously hostile judges with legal experts allied to his populist cause.

parties of the left, once dominant in the country, have remained fragmented and in disarray after Bukele’s spectacular rise to the top of Salvadoran politics. But they tried to rally under the banner of opposition to the BTC law, after numerous polls showed that the majority of Salvadorans surveyed oppose the act. Many entrepreneurs are put off by the idea that they will be forced to accept BTC payments if customers request it. However, if they wish, this BTC can be instantly converted to USD.

Read also Solana surpasses Dogecoin to become the seventh largest

In a video shared by the newspaper La Prensa Gráfica, protesters were shown carrying banners that read:

“We don’t want bitcoins in El Salvador.”

Other banners say ” law of bitcoins = money laundering” and “No to bitcoins!”

Others, however, appeared to be protesting against the Bukele government, with some banners reading “Fight against the Bukele regime.”

Banners from the Salvadoran Social and Trade Union Front (Frente Social y Sindical Salvadoreño) and the Bloque de Resistencia y Rebeldía Popular, two leftist movements that expressed their dissatisfaction with the law, were also displayed.

minority FMLN party, two of whose deputies tried to launch a parliamentary offer to block the bill, also shared a video of the protests, showing a strong media presence.

videos contained a speech by an activist named Idalia Zúniga, a representative of the Bloque de Resistencia y Rebeldia Popular, who told reporters that the law “would create legal insecurity” and “could be used to defraud citizens and facilitate money laundering.” . He added that citizens “refused to accept this law without due consultation.”

Block has also placed flyers in the area, featuring a cartoon of a woman angrily throwing an object at an anamorphic coin marching in her direction and adorned with the BTC logo as a man escapes from the threatening token.

comic was accompanied by the reading of the text:

“ Salvadoran public rejects bitcoin. […] Protest against the Bitcoin law! «

Critics said the government is hiding behind social distancing measures mitigating the coronavirus pandemic in an effort to crack down on the largest protests against the law.

Also Read Dogecoin Co-Founder Suggests Ways To Boost Cryptocurrency Profitability

After coming to power at the age of 37 in 2019, Bukele’s New Ideas party achieved a landslide victory in the legislative elections held in the spring of this year, returning an overwhelming majority to the House.

___ To know more: – Unconfirmed Stablecoin report generates confusion between Bukele’s Bitcoin law – Government of El Salvador: we are distributing Bitcoin, but we are not converting it to Fiat

– El Salvador Will Be A Serious Test For Bitcoin’s Layer-2 Networks – Experts Label Paraguayan MP’s Crypto Bill As “A Huge Burger”

Source link

more

Related Posts

© 2024 Cryptocoin Budisma.net