The World Bank will not be assisting El Salvador in Bitcoin implementation. Salvadoran Finance Minister, Alejandro Zelaya had approached the organization.

The World Bank has refused to help El Salvador implement Bitcoin as legal tender, citing environmental and transparency concerns. 

World Bank Rejects El Salvador’s Request for Technical Assistance with Bitcoin | SEC Delays VanEck Bitcoin ETF Decision | Federal Reserve Expects to Raise Inflation Rate by 2023

The World Bank has stated that it cannot assist El Salvador's Bitcoin implementation due to environmental concerns and transparency drawbacks.

The World Bank has refused to assist El Salvador with integrating Bitcoin into its financial infrastructure, a report on Reuters said today.

The post The World Bank wants no part in El Salvador’s Bitcoin revolution appeared first on CryptoSlate.

The World Bank has refused El Salvador’s request to help the Central American country’s transition to adopt Bitcoin as legal tender. El Salvador recently passed a law authorizing the world’s leading cryptocurrency bitcoin as legal tender in the country. The Central American country’s move into bitcoin received praise from the crypto community, but it did […]

The World Bank has refused to support El Salvador’s request for help in the transition to use Bitcoin as legal tender.

According to a report by Reuters, the World Bank says it cannot help El Salvador with the implementation of Bitcoin as legal tender. On June 9, the proposed bill to make Bitcoin legal tender in the small Central American nation got passed by the Legislative Assembly (with 62 out 84 voting in favor of it). […]

The ASEAN Financial Innovation Network (AFIN) has partnered with R3 to build and test central bank digital currencies (CBDCs). CBDCs have emerged as...

After the IMF raised concerns about El Salvador adopting Bitcoin (BTC) as a legal tender last week, the World Bank has rejected any kind of help for Bitcoin implementation citing transparency and environmental concerns. On Wednesday, June 16, El Salvador’s Finance Minister Alejandro Zelaya said they are currently seeking technical assistance from World Bank to

The post World Bank Denies Any Help to El Salvador for Bitcoin (BTC) Implementation appeared first on Coingape.

Also on the rise: Black & Veatch unit sets financing for 137 MW Texas project, Rockefeller Foundation partners to fund distributed renewable projects...

WASHINGTON, June 16, 2021 /PRNewswire/ -- The International Finance Corporation, the private sector arm of the World Bank Group, and The Rockefeller Foundation...