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Lack of Transparency Blighting El Salvador’s Bitcoin Adoption, Critics Say
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Media outlets claim that bitcoin (BTC) adoption has been a damp squib thus far in El Salvador – and have bemoaned the fact that the government has failed to produce any explanation of how it has spent the money it has forked out on token purchases.
In an EFE report (published by El Diario de Hoy) marking the three-month anniversary of the law that officially made BTC legal tender in El Salvador, the media outlet accused the government of a “lack of transparency in the management of state funds for the purchase of bitcoin.”
Other than President Nayib Bukele’s tweets on the matter, little information has been forthcoming from the government about what platform it has used to buy coins and what if any commission fees it has paid for out of the
Read more on cryptonews.comAbout this in other media
US ‘Could Hit El Salvador’s Chivo Bitcoin Wallet with Sanctions,’ Claims NGO cryptonews.com /3 years ago
El Salvador stacks 150 Bitcoin after BTC price crashes below $50k cointelegraph.com /3 years ago
Paraguayan Senate to Debate Taking Bitcoin Mining ‘Out of the Grey Area’ cryptonews.com /3 years ago
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