Banca Mondială neagă asistența din El Salvador pentru implementarea Bitcoin

In an email sent on Wednesday, the World Bank said it cannot provide any assistance to El Salvador as the country implements bitcoin as legal tender. 

Despite its commitment to help El Salvador with currency transparency and regulations, the World Bank denied aiding the country’s bitcoin implementation. A spokesperson for the global financial institution cited bitcoin’s environmental and transparency fallibility as the reasons behind their stance,  

„Deși guvernul s-a apropiat de noi pentru asistență în domeniul bitcoin, acest lucru nu este ceva ce Banca Mondială poate sprijini, având în vedere deficiențele de mediu și transparență”.

This development in El Salvador comes as countries around the world scramble to understand digital currencies.

El Salvador’s bitcoin efforts

Regardless of the World Bank’s decision, El Salvador is a pioneer in the crypto space. Last week, after a monumental ruling, the country became primul din lume pentru a face Bitcoin mijloc legal de plată. 

The congressional hearing on the issue saw an overwhelming majority in favor of the national crypto adoption. Lawmakers see this as a way to increase “the national wealth for the benefit of the greatest number of inhabitants.” Prices can now be posted in BTC, along with the ability to make tax payments using the cryptocurrency.

El Salvador hopes to become another haven, akin to Malta, that will attract investors and enthusiasts in the space. Crypto entrepreneurs will have the ability to obtain permanent residency in the country, and benefit from no capital gains taxes on their digital assets.

In addition, the country’s president Nayib Bukele said he plans to use volcanoes in the country to mine bitcoin. That announcement came shortly after the country’s historical ruling. By harnessing geothermal energy to create electricity, the country can mine bitcoin with zero carbon emissions.  

Nonetheless, the World Bank’s decision against aiding El Salvador’s bitcoin implementing ventures highlights the global environmental concerns over the cryptocurrency. It remains to be seen if El Salvador’s new mining practices and widespread adoption will alight new trends in the space.