Bukele was responding to the Bank of England’s concerns that users might not be prepared for just how volatile its price could be.
El Salvador’s government has accumulated $24 billion in debt since 1979 and the IMF predicts it will owe $38 billion within five years.
Luis Alexander Rivas Samayoa’s arrest for contempt is just the latest indication that El Salvador is creeping toward total authoritarianism.
Despite plummeting creditworthiness and major delays with its sovereign bonds, El Salvador somehow found $200M for the Bitcoin Beach region.
El Salvador said it wanted to launch its $1 billion Bitcoin bond in March. Now, it might not hit markets until September.
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