World Bank Says It Cannot Support Bitcoin in Response to El Savaldor’s Request for Help

World Bank Says It Cannot Support Bitcoin in Response to El Savaldor's Request for Help

The World Bank has spurned El Salvador’s request for assistance in implementing Bitcoin

The World Bank has rejected El Salvador’s request for assistance in the tropical nation’s endeavor to integrate Bitcoin into its economy.

A spokesperson for the leading financial institution told Reuters that Bitcoin had “environmental and transparency shortcomings”: 

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.

Yet, the World Bank is still willing to help El Salvador “in numerous ways.”

At the same time, El Salvador’s Finance Minister Alejandro Zelaya said that the International Monetary Fund (IMF) didn’t oppose the country’s Bitcoin plans despite raising some concerns over them last week.

Original Source :

If you wish to support our website and help us improve you can do it by donation. You can donate crypto directly. Just click on the banner below:

Want to receive the latest stock and cryptocurrency news and investing ideas that can help you make money ?! Subscribe to our newsletter. Enter your email below and hit the subscribe button.

If you want professional consultation regarding stock or cryptocurrency investing leave your information below and experts from our trusted partners will reach out to you


* indicates required
DigitalOcean Referral Badge
Previous articleDeFi Token Touted by Billionaire Mark Cuban Collapses to Zero
Next articleVanEck Bitcoin ETF: SEC delays decision and additionally seeks public comment