ביטקאָין

עס. און על סאַלוואַדאָר קלאַשיז איבער ביטקאָין לעגאַל טענדער

02/25/2022
ביטקאָין עטהערעום נייַעס

דער פרעזידענט פון על סאַלוואַדאָר, נייַיב בוקעלע, has responded with a harsh tweet to the פאַרייניקטע שטאַטן, which has been accused of interfering with the decision taken by the Central American זענען in September to adopt ביטקאָין ווי לעגאַל טענדער.

The harsh controversy is said to have originated from the decision of US Senators Jim Risch, Bill Cassidy and Bob Menendez, who presented a bipartisan bill in the יו סענאַט on קסנומקס פעברואר that calls for a report by the State Department on El Salvador’s adoption of Bitcoin and the risks this decision may pose to US and international finance.

“This new policy has the potential to weaken US sanctions policy, empowering malign actors like China and organised criminal organisations. Our bipartisan legislation seeks greater clarity on El Salvador’s policy”,

the senators said in a statement.

The fear of the senators is that על סאַלוואַדאָר‘s decision could have negative repercussions on the US dollar, weakening the power in US hands due to the strength of the dollar as an international trading currency, and could favour criminal organizations.

בילד

The decision of the three US senators follows just a few days after the International Monetary Fund warned על סאַלוואַדאָר in January to abandon the adoption of ביטקאָין as legal tender because it could have dangerous implications for the country’s financial situation.

The big drop in ביטקאָין prices would have put the country at high risk, considering that it holds at least 1,801 Bitcoin, according to Bloomberg, worth about $66 million as of 25 January, אדער 2% of the country’s listed reserves in 2020.

El Salvador is one of the poorest countries in the world with a very high public debt, around 84% פון זייַן גדפּ, און די קינדער פון ביטקאָין has only worsened the country’s financial situation. 

Ten days ago, the US rating agency פיטש downgraded the country’s debt rating from B- to CCC precisely because of the instability caused by the adoption of Bitcoin. 

אין יאנואר קסנומקס, אַ $ קסנומקס מיליאָן eurobond will mature. The price of על סאַלוואַדאָר‘s debt plummeted to 35 cents in January from 75 cents לעצטע יאָר.

But on the debt the Salvadoran authorities seem not to have excessive concerns:

“We don’t see any risk”, האט Douglas Rodriguez, פּרעזידענט פון על סאַלוואַדאָר‘s central bank, in a recent interview with Fortune. “Maybe, upside risks”.

מאי, די לאַנד געווענדט פֿאַר אַ $1.3 billion loan from the IMF, but it looks increasingly unlikely that the loan will be approved if the country continues to move forward with its Bitcoin-related projects.



Source: https://en.cryptonomist.ch/2022/02/25/us-el-salvador-clash-over-bitcoin-legal-tender/