U.S. Urges El Salvador to Ensure Bitcoin Is ‘Well Regulated’

[Casual]

El Salvador has made Bitcoin legal tender, on par with the U.S. dollar within its country. The U.S. government may have some concerns. The U.S. government may not be too happy with the way Nayib Bukele is running El Salvador, and it expects the Salvadoran president to take great care in the way his country adopts and uses Bitcoin now that it is legal tender. Victoria Nuland, a long-time U.S. State Department official and the current Under Secretary of State for Political Affairs, recently met with President Bukele and urged his government to do whatever it can to regulate Bitcoin and avoid any potential illegal activity associated with the cryptocurrency."I did suggest to the president that whatever El Salvador chooses to do, you ensure that it is well regulated, that it is transparent and that it is responsible, and you protect yourself against malign actors," she said, according to statements reported by AFP.source