El Salvador adopts bitcoin, young president dismantling democracy

This interesting article by Kate Linthicum is published by Los Angeles Times. Here is an excerpt:

This week, El Salvador will become the first country on Earth to accept bitcoin as legal tender, a controversial move pushed by the country’s young, headstrong and exceptionally popular president, Nayib Bukele.

But the rollout of cryptocurrency in the Central American nation has been upstaged by a more urgent concern: a series of withering attacks by Bukele and his ruling party on El Salvador’s three-decade-old democracy.

In recent days, Bukele loyalists on the Supreme Court systematically cleared the way for him to seek reelection in 2024, despite a constitutional ban on consecutive presidential terms.

Read the full article here.