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Salvadoran legislature approves legalizing Bitcoin as legal tender


Salvadoran legislature approves legalizing Bitcoin as legal tender
Salvadoran legislature approves legalizing Bitcoin as legal tender
San Salvador, Jun 9 (Prensa Latina) The Legislative Assembly of El Salvador on Wednesday approved with 62 votes for and 19 against the legalization of Bitcoin, which will circulate as a legal tender, alongside the US dollar.
During a session that ended early Wednesday, the ruling majority prevailed over the reluctance of the opposition forces that demanded a more in-depth study of the initiative presented on Tuesday evening by President Nayib Bukele.
The regulation stipulates that the use of mentioned cryptocurrency will be unrestricted with liberating power, unlimited in any transaction and any title that public or private individuals or legal entities require carrying out. ....

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Bukele Responds to Avalanche of International Criticism: "The People Voted for This"


by El Faro. 
The day after the Legislative Assembly, dominated by President Nayib Bukele’s party, ousted the judges of the Constitutional Court and the attorney general, and named replacements in line with their interests, El Salvador woke up on Sunday, May 2 to two opposing accounts of what had happened. The president’s office justified the removals, defining them as acts of “cleaning house.” Meanwhile, a broad group of Salvadoran social organizations and powerful voices of the international community described the events as a technical coup, or at the very least a violation of the rule of law. In the midst of public debate, mainly taking place on social media, four of the officials removed by Bukele’s so-called “cyan bloc” Attorney General Raúl Melara and magistrates Aldo Cáder Camilot, Carlos Sánchez, and Marina de Torrento publicly resigned in letters posted on social media. ....

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