Business & Economy

Protests against “Bitcoin” in the first country to adopt it in the world

A large section of the Salvadoran population has protested against allowing cash transactions using the digital currency Bitcoin.
Traders at the capital’s main craft market, San Salvador, complained that although there is less than a week left for bitcoin to become legal, no official has offered to explain how it works or the benefits it might bring, Reuters said.
A survey conducted by the University of Central America (UCA) on Thursday showed that most Salvadorans do not agree with the government’s decision to adopt bitcoin as a legal currency, as many do not understand how the digital currency is used and do not trust the project.
Next Tuesday, El Salvador, with a population of 6.4 million people, is set to become the first country in the world to adopt Bitcoin as an officially circulated legal currency.

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