I spoke with Salvadoran diplomats and former diplomats who seems to be more afraid of being spied on by Bukele than by the United States, China and Russia.
@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
El Presidente de la República, Nayib Bukele, sugirió que se deben reducir la cantidad de municipios en el país, lo que tuvo respaldo de diputados de Nuevas Ideas y del alcalde capitalino, Mario Durán. Actualmente, El Salvador está dividido en 262 municipios, que se encuentran en los 14 departamentos. “El Salvador debería estar dividido en […]
David Gerard