World Bank refuses to help El Salvador implement Bitcoin

posted over 1 year ago
As reported by Reuters, the World Bank has responded negatively to El Salvador's request for help in fully implementing bitcoin as legal tender in the country, citing concerns about Bitcoin’s transparency and environmental impact.

"We are committed to helping El Salvador in numerous ways including for currency transparency and regulatory processes," a World Bank spokesperson told Reuters via email. "While the government did approach us for assistance on bitcoin, this is not something the World Bank can support given the environmental and transparency shortcomings."
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