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Learning & News => News related to Crypto => Articles about Cryptocurrency => Topic started by: Rain075 on June 17, 2021, 05:39:59 AM
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After the IMF raised concerns about El Salvador adopting Bitcoin (BTC) as a legal tender last week, the World Bank has rejected any kind of help for Bitcoin implementation citing transparency and environmental concerns.On Wednesday, June 16, El Salvador’s Finance Minister Alejandro Zelaya said they are currently seeking technical assistance from World Bank to make Bitcoin a legal tender along with the existing USD.
Besides, the minister also called current negotiations of the International Monetary Fund (IMF) ‘successful’. However, the IMF has already raised legal and macroeconomic issues concerning Bitcoin adoption. In an email to Reuters, the World Bank spokesperson wrote:
“We are committed to helping El Salvador in numerous ways including for currency transparency and regulatory processes. 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.”source (https://cryptonews.net/819329/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)