It brought El Salvador’s president, Nayib Bukele, the adulation of the tech community, but reduced scarce funds and moved the nation closer to default.
Tag: El Salvador
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In El Salvador, Bitcoin Is Nothing More Than Authoritarian Propaganda
The country’s cryptocurrency paradise is a mirage.
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Biden to Host Latin American Leaders at Summit in Los Angeles
The president is already the subject of a boycott by some of the region’s most important heads of state, and his agenda is being met with deep skepticism.
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Crashing Crypto: Is This Time Different?
Celebrity endorsements may signal the end of an era.
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Families Reel Outside El Salvador Prisons After Gang Violence Crackdowns
Dozens of women wait outside a detention facility for news of their loved ones after a crackdown on gang violence resulted in the imprisonment of more than 25,000 people.