World Bank rejects El Salvador request for help on bitcoin implementation

The World Bank said on Wednesday it could not assist El Salvador’s bitcoin implementation given environmental and transparency drawbacks. ”We are committed to helping El Salvador in numerous ways including for currency transparency and regulatory processes,” said a World Bank spokesperson via email. ”While…

El Salvador becomes first country to adopt bitcoin as legal tender

El Salvador became the first country in the world to adopt bitcoin as a legal tender after Congress approved President Nayib Bukele’s proposal to embrace cryptocurrency. Bitcoin’s use as a legal tender will become law within three months. Lawmakers in the South American country voted by a…