{"id":48552,"date":"2021-08-30T17:45:14","date_gmt":"2021-08-30T14:45:14","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=48552"},"modified":"2025-09-02T02:45:25","modified_gmt":"2025-09-01T23:45:25","slug":"protests-erupt-in-el-salvador-over-bitcoin-legalization","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/protests-erupt-in-el-salvador-over-bitcoin-legalization\/","title":{"rendered":"Protests erupt in El Salvador over Bitcoin legalization"},"content":{"rendered":"<p>Salvadoran residents took to the streets to protest the legalization of the country\\&#8217;s first cryptocurrency, according to <a href=\\\"https:\/\/www.euronews.com\/next\/2021\/08\/28\/bitcoin-protests-break-out-in-el-salvador-as-central-american-neighbours-wait-to-see-its-s\\\">Euronews<\/a>.<\/p>\n<p>\\n\\n<\/p>\n<figure class=\\\"wp-block-image size-large\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"1024\\\" height=\\\"576\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/1-119-1024x576.jpg\\\" alt=\\\"Salvadoran protests against Bitcoin legalization\\\" class=\\\"wp-image-147470\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/1-119-1024x576.jpg 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/1-119-300x169.jpg 300w, https:\/\/u1f987.com\/wp-content\/uploads\/1-119-768x432.jpg 768w, https:\/\/u1f987.com\/wp-content\/uploads\/1-119.jpg 1100w\\\" sizes=\\\"auto, (max-width: 1024px) 100vw, 1024px\\\" \/><figcaption>Source: Euronews.<\/figcaption><\/figure>\n<p>\\n\\n<\/p>\n<p>Hundreds of demonstrators gathered in the capital San Salvador. They worry about a potential rise in corruption tied to the use of cryptocurrency and the replacement of the US dollar with Bitcoin.<\/p>\n<p>\\n\\n<\/p>\n<p>The Salvadoran Association of International Freight Carriers urged an amendment to the bill, removing the requirement to accept the digital gold as a form of payment. Otherwise, industry representatives said they would suspend services. <\/p>\n<p>\\n\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\"><p>\\n<\/p>\n<p lang=\\\"und\\\" dir=\\\"ltr\\\"><a href=\\\"https:\/\/t.co\/KLAcHnVjQG\\\">https:\/\/t.co\/KLAcHnVjQG<\/a><\/p>\n<p>\\n<\/p>\n<p>\u2014 ASTIC (@Astic_SV) <a href=\\\"https:\/\/twitter.com\/Astic_SV\/status\/1430696542416089089?ref_src=twsrc%5Etfw\\\">August 26, 2021<\/a><\/p>\n<p>\\n<\/p><\/blockquote>\n<p>\\n<\/p>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cNo Central American carrier that has contracted with an economic entity in El Salvador will accept Bitcoin as a form of payment, creating a divide between foreign and local actors in the sector,\u201d the association said.<\/p>\n<\/blockquote>\n<p>\\n\\n<\/p>\n<figure class=\\\"wp-block-image size-large\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"1024\\\" height=\\\"681\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/2-81.jpg\\\" alt=\\\"Salvadoran protests against Bitcoin legalization\\\" class=\\\"wp-image-147472\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/2-81.jpg 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/2-81-300x200.jpg 300w, https:\/\/u1f987.com\/wp-content\/uploads\/2-81-768x511.jpg 768w\\\" sizes=\\\"auto, (max-width: 1024px) 100vw, 1024px\\\" \/><figcaption>Source: <a href=\\\"https:\/\/en.yna.co.kr\/\\\"> Yonhap News<\/a>.<\/figcaption><\/figure>\n<p>\\n\\n<\/p>\n<p>The Salvadoran branch of the fast-food chain KFC backed Bitcoin legalization in the country and President Nayib Bukele.<\/p>\n<p>\\n\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\"><p>\\n<\/p>\n<p lang=\\\"es\\\" dir=\\\"ltr\\\">\u00a1Por supuesto Sr. Presidente! Los biscuits reci\u00e9n horneados van en camino para usted y el equipo <a href=\\\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Bitcoin<\/a>. <a href=\\\"https:\/\/twitter.com\/hashtag\/S%C3%ADAlBiscuit?src=hash&#038;ref_src=twsrc%5Etfw\\\">#S\u00edAlBiscuit<\/a><\/p>\n<p>\\n<\/p>\n<p>\u2014 KFC El Salvador (@KFC_sv) <a href=\\\"https:\/\/twitter.com\/KFC_sv\/status\/1432176545603465226?ref_src=twsrc%5Etfw\\\">August 30, 2021<\/a><\/p>\n<p>\\n<\/p><\/blockquote>\n<p>\\n <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\\n\\n<\/p>\n<p>In early June, the Salvadoran Legislative Assembly <a href=\"https:\/\/u1f987.com\/en\/news\/el-salvador-passes-bill-recognizing-bitcoin-as-legal-tender\">passed a bill<\/a> recognizing Bitcoin as an official means of payment in the country.<\/p>\n<p>\\n\\n<\/p>\n<p>On September 7, the document will take effect. By then, <a href=\"https:\/\/u1f987.com\/en\/news\/el-salvador-to-install-200-atms-with-bitcoin-conversion-option\">200 ATMs will be installed<\/a> in El Salvador with the option to convert the digital gold.<\/p>\n<p>\\n\\n<\/p>\n<p>A July poll <a href=\"https:\/\/u1f987.com\/en\/news\/poll-majority-of-salvadorans-not-ready-to-use-bitcoin\">showed<\/a> that only 20% of the country\\&#8217;s residents approved of the Bitcoin legalization initiative.<\/p>\n<p>\\n\\n<\/p>\n<p>As ForkLog reported, experts <a href=\"https:\/\/u1f987.com\/en\/news\/experts-weigh-bitcoins-impact-on-el-salvadors-economy-it-cannot-get-worse\">said<\/a> that the precedent created by El Salvador could just as easily attract investment as drive capital outflows.<\/p>\n<p>\\n\\n<\/p>\n<p>The World Bank <a href=\"https:\/\/u1f987.com\/en\/news\/world-bank-declines-to-assist-el-salvador-with-bitcoin-rollout\">refused to assist<\/a> the country with implementing the first cryptocurrency, while the IMF <a href=\"https:\/\/u1f987.com\/en\/news\/imf-sees-risks-in-salvadoran-bitcoin-payments-legalisation\">noted<\/a> the risks of such a legalization.<\/p>\n<p>\\n\\n<\/p>\n<p>Read ForkLog\\&#8217;s Bitcoin news on our <a href=\\\"\/\/telegram.me\/forklog\\\" target=\\\"\u201c_blank\u201d\\\" rel=\\\"\u201cnofollow\u201d noopener\\\">Telegram<\/a> \u2014 cryptocurrency news, rates and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Salvadoran residents took to the streets to protest the legalization of the country\\&#8217;s first cryptocurrency.<\/p>\n","protected":false},"author":1,"featured_media":48553,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1278],"class_list":["post-48552","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-el-salvador"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48552","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=48552"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48552\/revisions"}],"predecessor-version":[{"id":48554,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48552\/revisions\/48554"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/48553"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=48552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=48552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=48552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}