Politics
El Salvador closer to issuing bitcoin bonds, proposes digital securities bill
In order to launch the bonds, El Salvador’s Congress must approve of the digital securities bill
Politics
Fitch downgrades El Salvador’s Default Rating
El Salvador’s weak institutions, the concentration of power in the presidency, and the adoption of Bitcoin as legal currency are making the country’s policy more unpredictable
Politics
El Salvador repaid an $800 million bond maturing in January
El Salvador has faced significant pressure to demonstrate financial stability since President Nayib Bukele embarked on the adoption of bitcoin as legal tender in 2021
Human Rights
El Salvador: Twitter user critical of President Bukele criminally prosecuted
A court in El Salvador began the preliminary investigation stage in a criminal proceeding against the Twitter user Luis Rivas, a government critic
Politics
El Salvador places debt repurchase offers as uncertainty around bitcoin grows
El Salvador is down almost 50% of its investments in the digital currency, representing a loss of $52.4 million
Drug trafficking
MS-13 gang members fleeing El Salvador could reach Mexico
After months of decline, murders in El Salvador reached numbers that had not been seen in nearly 30 years
Politics
El Salvador's Bukele registers for reelection in 2024 presidential race with 80% approval rate
Despite the decision, members of the opposition and constitutional lawyers claim that Bukele’s reelection would violate at least four articles of El Salvador’s constitution
Politics
U.S. State Dept. seeks release of Americans imprisoned amid El Salvador's gang crackdown
The State Department said that the arrests of American citizens in El Salvador happened in an “arbitrary manner.” As a result, it is urging American citizens from traveling to the country
Human Rights
El Salvador requiring inmates to pay for clothing, food, other necessities
Relatives of prisoners in El Salvador pay $35 for food, $15 for hygiene items, $30 for clothing, $20 for cleaning, and $70 for miscellaneous items.
Crime
El Salvador's Bukele won't return MS-13 gang member mistakenly deported to his country
Kilmar Abrego Garcia was deported by the Trump administration by mistake, though the Supreme Court ruled that the administration must facilitate his return.