Altcoins Talks - Cryptocurrency Forum
Further Discussions => Banks & Cryptos => Topic started by: Centus on June 17, 2021, 07:55:47 PM
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The World Bank has refused to support El Salvador’s request for help in the transition to use Bitcoin as legal tender. The World Bank has refused El Salvador’s request for help on the country’s transition to adopting Bitcoin (BTC) as legal tender.
It cited issues with Bitcoin’s environmental impact and transparency as reasons why it will not support El Salvador’s move to adopt Bitcoin as an officially accepted currency.
“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,” a World Bank spokesperson said.
Source: https://cointelegraph.com/news/world-bank-refuses-el-salvador-s-request-for-help-on-btc-transition