Chivo Bitcoin ATM next to a stack of wooden booster seats inside a Salvadoran restaurant in Oakland CA

In El Salvador, Bitcoin’s Libertarian Streak Meets an Autocratic Regime

In early June, a prerecorded video informed citizens of El Salvador that they were about to participate in a grand experiment. The speaker was Nayib Bukele, the country’s 40-year-old president, who declared that he had a plan for a better future: Bitcoin. The cryptocurrency would become legal tender in the country, he said—a global first […]

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