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US ‘Could Hit El Salvador’s Chivo Bitcoin Wallet with Sanctions,’ Claims NGO
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The United States could impose sanctions on El Salvador’s Chivo bitcoin (BTC) wallet, the human rights organization Cristosal has speculated.
Tensions between Washington and San Salvador are continuing to deteriorate with relations between the American President Joe Biden and the El Salvador leader Nayib Bukele worsening by the month.
Meanwhile, per ElSalvador.com, the website of the newspaper El Diario de Hoy, Cristosal’s legal and security chief Zaira Navas warned that the links between the state-owned company that runs Chivo and Carolina Recinos, the government’s chief of staff, “could lead to possible sanctions” for the app – and ramifications for users.
Recinos “is related” to Chivo SA de CV, Navas noted. This company is reportedly
Read more on cryptonews.comAbout this in other media
President Bukele fires back at critics on 'Bitcoin experiment' cointelegraph.com /2 years ago
El Salvador buys 21 Bitcoin to celebrate December 21, 2021 cointelegraph.com /2 years ago
Dormant Bitcoin wallet holding 321 BTC activated after eight years cointelegraph.com /3 years ago
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