President Nayib Bukele has promoted the cryptocurrency as a path to financial freedom, but economic experts and many Salvadorans worry the move brings great risks.
Tag: El Salvador
Biden’s Dilemma in Guatemala: Stop Corruption, or Migration?
President Biden promised to attack corruption in Central America head on, but that goal has taken a back seat to cooperating on stopping migrants from the region.
El Salvador Becomes First Nation to Make Bitcoin Legal Tender
The digital currency can be used in any transaction and most businesses will have to accept payment in Bitcoin. The U.S. dollar will continue to be El Salvador’s main currency.
U.S. Aid to Central America Hasn’t Slowed Migration. Can Kamala Harris?
A stark reality faces the vice president as she visits the region: Expanded aid programs have failed to stem migration.
Killing of Salvadoran Refugee by Police in Mexico Incites Furor
Videos echoing the death of George Floyd showed a police officer kneeling on the back of the woman, who died of a broken spine, just days before an international forum on gender equality began in Mexico.
Surge in Migrants Defies Easy or Quick Solutions for Biden
The administration expects more apprehensions at the border this year than at any point in the past two decades. Enacting policy to deal with the problems faces deep-rooted political and logistical challenges.
After El Salvador Election, Bukele Is on Verge of Near-Total Control
The party of President Nayib Bukele is set to take a sweeping majority in El Salvador’s Congress, giving the populist leader broad new powers.
Bukele, Combative but Popular, May Tighten Grip in El Salvador Elections
Nayib Bukele, who has drawn criticism abroad for his strongman displays, is expected to expand his mandate in legislative elections that could deliver his party a decisive victory.
Cristobal Threatens Gulf Coast From Louisiana to Florida
The third named storm of what is predicted to be an intense hurricane season is expected to make landfall on Sunday.
El Salvador Supreme Court Orders State of Emergency Suspended
The court’s decision came after President Nayib Bukele’s administration was criticized for an overly stringent quarantine and for showing authoritarian tendencies.