analysts for the international monetary fund, which provided an emergency loan to el salvador last year and it s working on another have warned that adopting bitcoin as legal tender poses serious risks to a country s financial stability and integrity. when the law went into effect on september 7th, the cryptocurrency market crashed, losing billions in value. and the government s digital wallet for bitcoin has experienced several glitches that were still not fully fixed a week after the launch. the younger generations and some small business owners have embraced the cryptocurrency. but others like this protester say bitcoin is a phony currency. the president of el salvador s medical association was among thousands of protesters who took to the streets a week after the bitcoin law went into effect, saying it s just another example of the president s dictatorial bent. we re worried about many
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decisions the government has taken, including imposing a currency. the president s answer? there s no dictatorship here. what we have here is a democracy. a lot of the protesters didn t even know what they were protesting about, he also said. and the ones who knew vandalized private and public property, later suggesting that they re financed from abroad. back in aguleres, even those who submit the president otherwise say that introducing bitcoin was a mistake. everything he s done was good, at least what he s done so far, this rancher says, but introducing this currency is not right. you have to be patient and get information about it so you know how you can best use it and if it s convenient or not, this rancher says. if the president is wrong, then we re all wrong. for now, most of these ranchers