The World Bank has refused a request from El Salvador to assist in the country’s implementation of Bitcoin as legal tender. The financial institution gives grants or technical assistance to countries pursuing large financial projects.
When it comes to Bitcoin, the World Bank has said it is concerned about transparency and the leading cryptocurrency’s impact on the environment.
“We are committed to helping El Salvador in numerous ways for currency transparency and regulatory processes,” a World Bank spokesperson reportedly told Reuters yesterday, adding, “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.”
Yesterday, the Salvadoran Finance Minister, Alejandro Zelaya, admitted that the government had approached the World Bank for technical assistance on Bitcoin.
Doubt over El Salvador’s Bitcoin project
The World Bank is not the only major financial ins
Źródło: https://decrypt.co/73822/world-bank-wont-help-el-salvador-develop-its-bitcoin-project
