World Bank refuses to help implement Bitcoin in El Salvador

 

World Bank refuses to help implement Bitcoin in El Salvador

https://safirsoft.com World Bank refuses to help implement Bitcoin in El Salvador
El Salvador's move to accept Bitcoin in its entirety after it becomes the country's legal tender will be hampered by the World Bank's decision not to help implement it. The International Monetary Fund (IMF) has raised concerns about the environmental impact of Bitcoin mining and transparency.

Earlier this month, El Salvador became the first country to legalize bitcoin. This currency is next to the US dollar as the official currency of the Central American country and the exchange rate is determined freely by the market. Additionally, commodity prices can be displayed in bitcoin, tax credits can be paid via crypto, and bitcoin-related transactions are not subject to capital gains tax. El Salvador has set a three-month deadline to accept bitcoin nationwide, but that goal may be difficult to achieve after the World Bank said it would do so without the organization's help. "Monitoring operations," a World Bank spokesperson told Reuters.

“While the government has turned to us for help with bitcoin, this is not something the World Bank is doing due to environmental shortcomings that transparency can support.”

1000? What about 1500? #BTC♻️


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