Naib Bukele is running for re-election as the President of El Salvador
El Salvador's president, Naib Buquele, is campaigning for office on the back of a law that would recognize bitcoin (BTC) as legal tender in the country.
On December 1, Buquele resigned as president of El Salvador following approval from the country's Legislative Council, allowing him to take a sabbatical to focus on his 2024 re-election campaign. In the year He was replaced by acting president Claudia Rodríguez de Guevara, who is expected to serve until June 2024. The next general election will be held in February 2024.
“The state of democracy in El Salvador: the office of the President of the Republic is held by whoever is voted for,” said Hector Silva, a candidate for the office of mayor of San Salvador, in Ex.
The right inheritance
The real legacy https://t.co/dO2c0ZtQUN
— Naib Bukele (@naibbukele) November 29, 2023
Buccele, who took office in June 2019, quickly gained notoriety for his efforts to reduce the murder rate in El Salvador – one of the highest in the world at the time – as well as his pro-crypto policies. In September 2021, the Salvadoran government is pushing for Bitcoin to be accepted as legal tender and a volcano-powered ‘Bitcoin City' to be created in the country.
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Although the murder rate has dropped significantly under Buccele, many critics have suggested that El Salvador is violating laws on human rights to curb gang activity. The United Nations Human Rights Office report released in March stated that the country Since 2022, she has implemented “mass incarceration” in which many people have been tortured or died in prison.
The President of El Salvador serves a five-year term. Before September 2021, the country's constitution required presidents to wait ten years before running for re-election. However, El Salvador's Supreme Court ruled at the time that a president could serve two consecutive terms.
Magazine: What is it like to use Bitcoin in El Salvador?
