BREAKDOWN: It’s Bitcoin Day in El Salvador
NLW looks at the controversy and potential surrounding the implementation of El Salvador’s new bitcoin law.
This episode is sponsored by NYDIG.
El Salvador’s bitcoin legal-tender law goes into effect today. NLW looks at the recent controversy surrounding the law, including:
- Institutional controversy – why the International Monetary Fund (IMF) and World Bank don’t like the law
- Bitcoiner skepticism – why some aren’t convinced the law should force merchants to accept BTC
- Authoritarian blues – why some are concerned with the Bukele government itself
NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.
“The Breakdown” is written, produced by and features NLW, with editing by Michele Musso. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Tidal Wave” by BRASKO. Image credit: APHOTOGRAFIA/Getty Images News, modified by CoinDesk.