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Bank of Spain Criticizes El Salvador’s Foray Into Bitcoin

Technology Manias – EᐯEᖇYTᕼIᑎG YOᑌ ᑎEEᗪ IᑎᗪEEᗪ

The Bank of Spain, the central bank of the country, criticized the adoption process El Salvador chose when declaring Bitcoin legal tender last month. In a report titled “The role of crypto assets as legal tender: the example of El Salvador,” the bank examines several pain points the country encountered while applying its bitcoin strategy, and raises concerns about how some actions have been taken with little transparency. Bank of Spain Scrutinizes El Salvador’s Bitcoin Bet The Bank of Spain issued a report scrutinizing and reflecting upon the entrance of…

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