US calls on El Salvador to “regulate” Bitcoin use

(San Salvador) US Deputy Secretary of State for Political Affairs Victoria Nuland met with the President of El Salvador, Neb Bukele, on Wednesday, recommending that he “regulate” the use of bitcoin, a cryptocurrency that will be legal tender in Central America. country in September.


“I suggested to the president that whatever El Salvador chooses (with bitcoin), it makes sure that it is well regulated, transparent and accountable, and that it protects itself from malicious actors,” she declared after that meeting.

During that, MI Nuland reminded the Salvadoran president of the cyber attack on the major oil pipeline operator Colonial Pipeline in the United States, which was forced to temporarily stop its activities, before agreeing to pay a ransom in bitcoins equivalent to 4 million dollars.

El Salvador uses the US dollar as its official currency, but agreed on June 9 to adopt bitcoin as its legal currency. He intends to use this cryptocurrency in all transactions from September, which will make him the first country to do so.

The Salvadoran government recently discussed the decision with the International Monetary Fund during a “productive” meeting, according to Salvadoran Finance Minister Alejandro Zelaya.

However, the World Bank rejected a request for assistance from El Salvador in its attempt to adopt bitcoin as an official currency.

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