Anti-Bitcoin activists in El Salvador expressed dissatisfaction with the government’s plan to use Bitcoin as legal tender. Last Friday, hundreds of protesters marched in the capital San Salvador, Euronews.com Report.
Demonstrators-including retirees, veterans, disabled pensioners and workers-expressed their concerns about the instability of bitcoin prices. The crowd is worried that the government will start paying their pensions in Bitcoin instead of U.S. dollars.
“We know that this coin fluctuates a lot. According to reports, a member of the Supreme Court union member Stanley Quinteros (Stanley Quinteros) said that its value changes every second and we cannot control it. SaidSalvadorans also expressed concern about the lack of knowledge and understanding of the technology required to use cryptocurrencies such as Bitcoin. The protesters held up signs that read “We don’t want Bitcoin” and “Don’t corrupt money laundering.”
-Blanca Huezo (@blanca_huezo) August 26, 2021
According to local report, El Salvador’s recent anti-bitcoin protests were apparently part of a broader opposition movement against low pensions by local veterans on August 27.Therefore, according to reports, some protesters Require The pension was increased from US$100 to US$300.
El Salvador’s recent anti-bitcoin protests are not far behind Some growing doubts Regarding the country’s Bitcoin initiatives.Last week, it was reported that the International Freight Forwarders Association of El Salvador launched an anti-Bitcoin protest, according to reports Demanding The government reconsidered the mandatory acceptance of Bitcoin in El Salvador.
As previously reported by Cointelegraph, El Salvador’s President Nayib Bukele announced Legislation to accept Bitcoin as legal tender It rose with the US dollar in early June. The bill later passed the National Legislative Assembly and is scheduled to be implemented on September 7. Last week, the President clarified that Salvadorans are free to not use Bitcoin, statement:
“What if someone doesn’t want to use Bitcoin? Don’t download the Chivo app and continue living a normal life. No one will take your dollars. There is always someone who can line up at Western Union and pay commissions.”