@Migueldeicaza obviously i'm going to have to write a post on this very dumb and bad thing

it's really badly written and ill-organised - that species of law which is completely half-assed, but they half-assed it in great detail over many months

i suspect the *point* is the Agencia Administradora de Fondos Bitcoin - which *seems* to be able to authorise the Banco Central de Reserva to issue dollar stablecoins backed by bitcoins?

i think the whole point of the bitcoin law was always that bukele needed to issue unbacked dollars, somehow (and a lot of others have long thought the same)

so creating a new form of dollar that's not actually a dollar or backed by a large pile of dollars follows along those lines

the next hard part is to get salvadorans to accept that these non-dollars are dollars of course, lol