3min chapter

Crypto Critics' Corner cover image

The El Salvador Volcano Token (feat. Domingo Flores)

Crypto Critics' Corner

CHAPTER

Is Bukelli Trying to Make El Salvador Attractive to the Worst Kind of Criminal?

El Salvador is considering issuing its own kind of token, possibly partially backed by Bitcoin. In the prospectus marketing materials deck they talked about how investing in the bond would be one way for people to effectively purchase citizenship in El Salvador. We've seen recently the El Salvador government ignore extradition requests for gang leaders and then release them from prison. And we've seen this bill like the direct in the Bahamas has pretty low caps on the maximum penalties for certain types of digital asset crimes. This constellation of things coming together feels like Bukelli and the El SalvadorGovernment trying to make El Salvador appealing to the worst actors in cryptocurrency.

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