US State Department Official Wants El Salvador to ‘Ensure Bitcoin Is Well Regulated’

US State Department Official Wants El Salvador to ‘Ensure Bitcoin Is Well Regulated’
фото показано с : news.bitcoin.com

2021-7-3 03:30

The U.S. Department of State’s undersecretary of state for political affairs, Victoria Nuland, has explained during a press conference that the U.S. has urged El Salvador to be responsible with the country’s new bitcoin law. Nuland told the press that the U.S. was taking a “tough look at Bitcoin” and that Salvadoran president Nayib Bukele needs to “ensure that it is well regulated.”

State Department Official Says US Is Taking a Tough Look at Bitcoin

According to statements from a senior U.S. State Department official, the U.S. hopes El Salvador will be responsible with the country’s new bitcoin tender law enacted on June 9, 2021. The undersecretary of state for political affairs, Victoria Nuland, explained that she had a meeting with the Salvadoran president Nayib Bukele and they discussed the crypto asset bitcoin (BTC). The American diplomat stressed to Bukele that after the Colonial Pipeline ransomware case, the U.S. was taking “another tough look at bitcoin.”

“I did suggest to the president that whatever El Salvador chooses to do, you ensure that it is well regulated, that it is transparent and that it is responsible, and you protect yourself against malign actors,” Nuland told reporters at the press conference.

El Salvador has had issues getting world leaders to agree with the new bitcoin tender law’s benefits. The World Bank rejected a request from El Salvador for assistance and the president of the European Central Bank (ECB), Christine Lagarde, recently discussed the subject with disparagement. At the time, Lagarde reiterated that the ECB’s policy toward bitcoin (BTC) has not changed. Benoit Coeure, head of the Innovation Hub at the Bank for International Settlements (BIS) also criticized Salvadoran president Nayib Bukele’s bitcoin tender law.

US State Department Claims 14 Salvadorans Associated With President Nayib Bukele ‘Corrupt and Undemocratic’

In addition to the senior U.S. State Department official’s statements after meeting with Bukele, the U.S. State Department named 14 Salvadorans that are members of the Bukele regime as “corrupt” and “undemocratic actors.”

This announcement has made people think that the U.S. is cracking down on El Salvador for choosing to leverage bitcoin. “Unconventional Warfare (UW) in action,” explained the popular anonymous analyst Plan B on Twitter. “See link below for what happens to countries that refuse IMF demands [and choose] freedom,” Plan B tweeted.

if (!window.GrowJs) { (function () { var s = document.createElement('script'); s.async = true; s.type = 'text/javascript'; s.src = 'https://bitcoinads.growadvertising.com/adserve/app'; var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n); }()); } var GrowJs = GrowJs || {}; GrowJs.ads = GrowJs.ads || []; GrowJs.ads.push({ node: document.currentScript.parentElement, handler: function (node) { var banner = GrowJs.createBanner(node, 31, [300, 250], null, []); GrowJs.showBanner(banner.index); } });

Economist Steve Hanke: ‘State Department Is Wielding the Hammer’

Even the economist Steve Hanke said: “First, it was El Salvador’s Bitcoin Law. Now, the State Department is wielding the hammer.” Hanke has warned that Salvadoran bitcoin adoption could lead to a “complete collapse of the economy.” Moreover, Hanke and two other authors that publish papers on applied economics at Johns Hopkins University wrote a paper that says: “El Salvador’s bitcoin law is destined to be caught in the FATF’s regulatory web.”

“Under the Bitcoin Law, El Salvador will undoubtedly be ensnared in the Financial Action Task Force’s web of regulations,” Hanke explained on Twitter. “In this working paper, I identify 27 of the FATF’s ‘red-flag’ behaviors that will be impossible for El Salvadorans to comply with.” Victoria Nuland’s recent comments and the U.S. State Department’s “Corrupt and Undemocratic Actors Report” suggest that American bureaucrats agree with Hanke’s opinion.

What do you think about the American diplomat’s recent statements and the U.S. State Department’s latest undemocratic actors report? Let us know what you think about this subject in the comments section below.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 66836.04 (+0.01%)
Объем 24H $16.511b
Изменеия 24h: -0.06 %, 7d: 8.55 %
Cегодня L: $66750.27 - H: $67668.16
Капитализация $1316.7b Rank 1
Цена в час новости $ 33547.43 (99.23%)

state bitcoin salvador department explained conference press

state bitcoin → Результатов: 126


Arizona State Senate Advances Resolution to Explore Bitcoin ETFs In State Retirement Plans

The Arizona state Senate has taken a significant step toward considering the inclusion of Bitcoin ETFs in state retirement portfolios. A recently advanced resolution encourages lawmakers and state retirement fund managers to explore allocating some of these portfolios to Bitcoin ETFs, which have demonstrated success among institutional and retail investors.

2024-3-7 03:30


Bitcoin Tax Payments in Ohio is Now a Possibility

Ohio might just become the first state to successfully adopt Bitcoin as tax payment, after failed attempts from other states in the country. Ohio’s Cryptocurrency Initiative Set to Fly High According to the Wall Street Journal, businesses in Ohio can now pay its taxes, ranging from taxes from cigarette sales to employee taxes, using the […] The post Bitcoin Tax Payments in Ohio is Now a Possibility appeared first on Ethereum World News.

2018-11-27 13:05


Bitcoin Price Analysis: BTC/USD Stable at $4,000, Paraguay Gives Green Light For the World’s Largest Crypto Mining Center

Latest Bitcoin News Coinciding with BTC market pull back is morale boosting news that the US state of Ohio will begin accepting tax payments in Bitcoin. Spearheading this drive is the State Treasurer, Josh Mandel, who term the move efficient, secure, transparent and cheap especially for merchants and businesses that in days to come will […] The post Bitcoin Price Analysis: BTC/USD Stable at $4,000, Paraguay Gives Green Light For the World’s Largest Crypto Mining Center appeared first on Ethereum World News.

2018-11-26 17:10


Director of Enforcement at the Texas State Securities Board Talks Bitcoin, Cryptocurrencies, ICOs and Cybersecurity [Exclusive]

Regulatory compliance is one of the most (if not the most) stressful points surrounding cryptocurrencies. Regulators across the world strive to understand and effectively classify blockchain-based projects, in an attempt to protect the investing public from fraudsters who plague this nascent industry.

2018-11-26 16:29


Фото:

Colorado Securities Regulators Crack Down on 18 ‘Fraudulent’ ICOs, With More on the Way

The Colorado State Department of Regulatory Agencies (DORA) has filed cessation orders against four ICOs that were allegedly involved in ‘fraudulent and illicit’ practices, bringing the total number of ICOs stopped by the state’s bodies to 18 this month, Denver Business Journal reported on November 22, 2018.

2018-11-25 14:00


TradePlace ICO

TradePlace is a global cryptocurrency exchange platform. It will form a new innovative platform to trade Bitcoin, Ethereum, Litecoin, EOS and other popular cryptocurrencies and tokens. Users will receive expert analysis of the current state of coin and token pairs, and they’ll be able to withdraw their money easily and receive alerts for scam cryptocurrencies.

2018-11-25 02:33


Фото:

Rosenstein Targets ICOs, FEC May Permit Political Donations Through Crypto Mining

In recent regulatory news, the U.S. deputy attorney general has called for international cooperation on cryptocurrency regulation. Separately, the U.S. Federal Election Commission (FEC) has prepared a draft advisory that could allow political donations in the form of mining power, while the Alabama Securities Commission has estimated that the state has brought forward 20 percent […] The post Rosenstein Targets ICOs, FEC May Permit Political Donations Through Crypto Mining appeared first on Bitcoin News.

2018-11-23 02:40