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El Salvador Bitcoin App Should Have Been Audited Long Ago, Claims Ex-Central Bank Chief
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A former Governor of the central bank of El Salvador has claimed that the state-run Chivo bitcoin (BTC) app would have already been shut down by regulators if it were a private company.
According to El Diario de Hoy, the ex-head of the Central Reserve Bank of El Salvador Carlos Acevedo has hit out at the state-run company that operates the wallet. Chivo, newspaper and social media reports claim, has been plagued with bugs that have affected functionality. Merchants have complained that payments using the app have failed, while claims of widespread identity theft have become commonplace.
Many public figures who say they have never used or downloaded the app say their personal details have been used by online crooks intent on claiming the USD
Read more on cryptonews.comAbout this in other media
Canada Inflation Reaches 30-Year High, Placing Spotlight on Central Bank wsj.com /2 years ago
Central Bank of Iran sees cryptocurrency ‘as a solution’ for these problems… ambcrypto.com /2 years ago
Singapore crypto ATMs shut down after central bank crackdown cointelegraph.com /2 years ago
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