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In El Salvador, 100 opponents of bitcoin as authorized tender on the street

Per week earlier than the entry into drive of bitcoin as authorized tender in El Salvador, a number of hundred folks demonstrated, Wednesday 1er September, within the capital to ask Parliament to repeal the regulation, famous journalists from Agence France-Presse (AFP).

About 300 union activists gathered outdoors Parliament buildings, holding up indicators and chanting “No to bitcoin”.

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“At solely six days [le 7 septembre] the approaching into drive of the hateful bitcoin regulation, the In style Resistance and Riot Bloc [BRP] calls for its repeal as a result of it can hit employees, peasants and rural communities ”, based on a press launch from this platform of fifteen unions and organizations against bitcoin.

For Sonia Urrutia, a BRP activist, President Nayib Bukele is making ready Salvadorians “A bitter month of September” with the bitcoin regulation with which “He needs to impose a high-risk digital financial system for 99% of the inhabitants”. The BRP has introduced its intention to prepare each day protests.

An utility quickly on the rails

The Salvadoran parliament, overwhelmingly dominated by supporters of President Bukele for the reason that final legislative elections, handed the regulation final June that may make bitcoin authorized tender in El Salvador. This measure, based on the Head of State, will increase the nation’s economic system, dollarized for twenty years.

Persevering with to implement the reform, Parliament accepted on Tuesday, on the request of President Bukele, who enjoys immense reputation, the creation of a $ 150 million fund to ensure the automated convertibility of bitcoin into U.S. {dollars}.

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The authorities are making ready to activate an utility known as “Chivo” (“Tremendous” in colloquial language) which ought to enable funds or transfers in bitcoin. Its customers shall be rewarded with a bonus equal to $ 30 in bitcoin after they be a part of the appliance.

As well as, 200 merchandising machines for exchanging bitcoin are being put in.

Whereas the army protected ATMs on Wednesday from potential harm by protesters, a well-known anti-bitcoin activist, Mario Gomez, was arrested earlier than being launched within the face of a deluge of criticism on social networks. In keeping with a tweet from the Salvadoran police, Mr. Gomez is suspected of “Monetary fraud” by way of “Sending faux e-mails to many customers of the banking system”.

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