El Salvador | What a Bitcoin Dictatorship
Should we celebrate El Salvador for adopting Bitcoin as a legal tender? Its transparent blockchain might enable financial surveillance on a massive scale.
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El Salvador is on the verge of a historic change. The country now led by a social media crafty 39-year-old millennial is rewriting its history. While until now, El Salvador has been most well-known for its endless struggles with gang wars, it may soon become a Central American hub for digital revolution of the blockchain technology. From September this year, every business in El Salvador will have to accept bitcoin as a payment method. But will this actually deliver Salvadorans on the Bitcoin’s promise of financial freedom? Or will El Salvador’s president use Bitcoin to prop up his regime?
Sources
El Salvador approves Bitcoi as a legal tendern:
https://www.reuters.com/world/americas/el-salvador-approves-first-law-bitcoin-legal-tender-2021-06-09/
https://www.reuters.com/technology/el-salvador-presidents-bitcoin-push-casts-shadow-over-imf-efforts-2021-06-07/
https://www.nytimes.com/2021/06/09/world/americas/salvador-bitcoin.html
https://arstechnica.com/tech-policy/2021/06/bitcoin-now-legal-tender-in-el-salvador-first-nation-to-adopt-cryptocurrency/
Bitcoin mining: https://www.reuters.com/technology/el-savador-exploring-volcanic-bitcoin-mining-bukele-says-2021-06-09/
https://www.coindesk.com/volcano-powered-bitcoin-mining-goes-from-twitter-idea-to-state-policy-in-el-salvador
El Salvador Britannica https://www.britannica.com/place/El-Salvador
https://www.britannica.com/place/El-Salvador/Economy
CIA on El Salvador https://www.cia.gov/the-world-factbook/countries/el-salvador/
El Salvador World Bank overview: https://www.worldbank.org/en/country/elsalvador/overview
El Salvador GDP https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?end=2019&locations=SV&start=1966&view=chart
Unbanked Salvadorans: https://globalfindex.worldbank.org/sites/globalfindex/files/chapters/2017%20Findex%20full%20report_chapter2.pdf
Countries by remittance revenue: https://www.worldbank.org/en/topic/migrationremittancesdiasporaissues/brief/migration-remittances-data
Homicide rates: https://insightcrime.org/news/analysis/2020-homicide-round-up/
https://insightcrime.org/news/analysis/homicide-drop-el-salvador/
https://dataunodc.un.org/data/homicide/Homicide%20rate%20by%20sex
El Salvador pandemic response https://apnews.com/article/san-salvador-coronavirus-pandemic-el-salvador-1623416c0ddc7aa238911f8a422b6c8b
Human rights abuses: https://www.hrw.org/news/2020/04/15/el-salvador-police-abuses-covid-19-response
Nayib Bukele path to rule and how it threatens democracy in El Salvador
https://news.yahoo.com/el-salvadors-fa-ade-democracy-121836174.html
https://foreignpolicy.com/2021/05/12/central-america-rule-of-law-under-attack-el-salvador-nicaragua-guatemala-honduras/
https://www.aljazeera.com/news/2021/3/8/how-nayib-bukele-won-over-voters-unlikely-place
https://www.aljazeera.com/news/2021/2/27/el-salvador-elections-president-bukele-set-to-gain-more-control
https://www.latimes.com/world-nation/story/2021-05-16/nayib-bukele-the-most-popular-president-in-the-world-is-a-man-with-one-ideology-power
https://www.latimes.com/world-nation/story/2020-02-28/el-salvadors-bukele-reformer-or-autocrat
https://www.bloomberg.com/news/articles/2021-05-05/el-salvador-s-bukele-defends-firing-attorney-general-top-judges
Gangs in El Salvador
https://www.theguardian.com/world/2019/nov/22/el-salvador-a-nation-held-hostage-a-photo-essay
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