A group US senator the past day El Salvador‘Fame bitcoinHe submitted a draft law regarding the acceptance of .
Cryptocurrency Computability bill If accepted, it will become mandatory to produce a plan to mitigate potential risks to the US financial system.
The State Department report includes some key information about El Salvador’s legal bidding process, as well as examining how it affects citizens and businesses.
For example, the extent to which citizens use cryptocurrency and the country’s technical ability to address cybersecurity risks will also be covered in the report. On the other hand, detailed information about the unbanked population in El Salvador and remittance flows from the USA will also be included.
The report will also cover El Salvador’s bilateral economic relationship with the United States, relations with organizations such as the International Monetary Fund (IMF) and the World Bank, and the possibility of using cryptocurrency to evade US sanctions.
James Risch, a US senator, stated in a press release:
El Salvador’s adoption of Bitcoin as legal tender raises significant concerns about the economic stability and financial integrity of a vulnerable US trading partner in Central America.
This new policy has the potential to weaken the US sanctions policy, empowering malicious actors like China and organized crime syndicates. Our bipartisan legislation demands greater clarity on El Salvador’s policy. And it requires the Bukele administration to mitigate potential risk to the US financial system.
After all these developments BouquetThe response from ‘ was quite harsh. Bukele tweeted on the subject, “…We are not your colony, backyard or front garden. Stay away from our internal affairs. Don’t try to control what you can’t control! ” said.
OK boomers…
You have 0 jurisdiction on a sovereign and independent nation.
We are not your colony, your back yard or your front yard.
Stay out of our internal affairs.
Don’t try to control something you can’t control 😉
https://t.co/pkejw6dtYn— Nayib Bukele 🇸🇻 (@nayibbukele) February 16, 2022