Three U.S. Senators prepared a report detailing the inner workings of El Salvador’s acceptance of Bitcoin as legal tender and introduced bills to mitigate risks from El Salvardor.
The bill submitted on February 16, money laundering and terrorist financing It was stated that it aimed to reduce potential risks to the US financial system, such as
The bill was presented by Jim Risch, Bill Cassidy and Bob Menendez. Senator Jim Risch wrote in his report:
The adoption of bitcoin as a legal currency by El Salvador, the trading partner of the US, raises concerns about economic stability and financial integrity.
made statements.
Senator Cassidy said El Salvador’s adoption of bitcoin as its official currency money laundering cartels He said it allows.
If the bill goes into effect, it will leave El Salvador. cyber security and financial stability related to Reporting within 60 days requested will be reported.
El Salvador’s President Nayib Bukele reacted harshly to this bill in his post on Twitter.
Bukele shared:
You have no jurisdiction over a sovereign and independent nation. We are not your colony, your backyard or your front yard.
said.