El Salvador President Nayib Bukele, in his sixth annual address, defended his harsh security policies, dismissing criticism of authoritarianism. He said peace for Salvadorans is his top priority, even as NGOs and U.S. lawmakers raise human rights concerns.
Salvadoran President Nayib Bukele offered to return 252 deported Venezuelans in exchange for the release of an equal number of political prisoners held by President Nicolás Maduro’s government in Venezuela.
El Salvador President Nayib Bukele says he won't return Kilmar Abrego Garcia, a man the U.S. mistakenly deported despite a court order protecting him. During a meeting with Donald Trump, Bukele echoed unproven claims that Garcia is linked to MS-13, though his lawyers deny any gang ties. Trump and Attorney General Pam Bondi insisted it's up to El Salvador whether to return him, citing the Supreme Court. The deportee is now held in a high-security prison amid growing criticism of Bukele's crackdown on gangs and alleged human rights abuses.
El Salvador President Nayib Bukele's government spent more than $100 million on buying bitcoins which are now worth less than $50 million.
The world’s first Bitcoin City is coming along beautifully. Nayib Bukele, President of El Salvador, the smallest country in Central America, took to social media to share the design of the first Bitcoin city.
The global lender’s board “urged the authorities to narrow the scope of the Bitcoin law by removing Bitcoin’s legal tender status,” the IMF said in a statement Tuesday.
Given that bitcoin saw a brutal start to 2022, touching new lows and registering an overall decline of 17.5 percent over the last few weeks, the present total value of the bitcoins held by the Salvadorean government would be worth $59 million.
"We just bought dip," Nayib Bukele tweeted late on Sunday, referring to a recent slump in bitcoin prices.
Bukele's presidency so far is the story of one of Latin America's newest populist autocracies in the making: spending big to hand out goodies, branding opponents as enemies, raising the profile of the military.
"In the short term this will generate jobs and help provide financial inclusion to thousands outside the formal economy," Bukele said in a video shown at the Bitcoin 2021 conference in Miami.