El Salvadorevents in the last 24 hours The number of gang murders reaches 62 It also brought along concerns that Bitcoin bonds could be delayed for a while.
In the world Bitcoin legal tenderAs El Salvador, which has achieved the title of being the first country to realize the .
State of Emergency Declaration!
A state of emergency was declared after the most violent day in 30 years in the country occurred in the last 24 hours.
New emergency measures be in effect for 30 days is planned. Arrests can now occur without a warrant and communications can be monitored.
Bukele emphasized that “life will continue as normal” for the vast majority of people and that these powers will be used only when necessary. It was stated that religious services and sports events will not be affected by the state of emergency, while schools and shops will remain open.
Bukele also stated that the only people who should be worried about the state of emergency are gang members and that the authorities have increased security in prisons. On the other hand, it was stated that a number of gang members were arrested in connection with the events.
El Salvador recently Bitcoin-backed “volcano bonds” aiming to raise $1 billionannounced that it plans to delay the release of . $500 million was used to increase the country’s BTC reserves, while the other half would be used for a shiny new infrastructure for crypto mining with the use of geothermal energy. At this point, it remains unclear whether the state of emergency in the country will push back the date when the volcanic bonds will be put into practice.