Vitalik is Wrong About Bukele’s Bitcoin Mandate

Ethereum’s founder just called The Bitcoin Law “reckless” and opposed to freedom. But it’s the most practical way forward for the well-being of El Salvador. The Article 7 Controversy On June 9th, 2021, El Salvador made world history by passing a digital currency, Bitcoin, as legal tender alongside the US Dollar. President Nayib Bukele and Strike developer Jack Mallers announced the law at the twelve thousand-person Bitcoin conference. The crowd received the news with thunderous applause, and congress cast an…

El Salvador May Issue Its Stablecoin Before New Year

The Government of Nayib Bukele plans to create a national cryptocurrency currently referenced as the Colon dollar. According to El Faro newspaper, which cites videos of private meetings between cryptocurrency investors, officials, and two of the president's brothers, the currency would be tied to the value of a fiat currency like the dollar. The development, which is targeted soon, would restore an essential element of monetary policy that the country lost when it adopted the U.S. Dollar in 2001: issuing…