US state dept urges El Salvador to be ‘responsible’ about Bitcoin adoption By Cointelegraph – Investing.com
- Date: 02-Jul-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
US state dept urges El Salvador to be ‘responsible’ about Bitcoin adoption By Cointelegraph – Investing.com
The U.S. Department of State’s Under Secretary of State for Political Affairs Victoria Nuland said El Salvador should ensure is well regulated under its new legal framework.
In a Wednesday press conference following a meeting with President Nayib Bukele, Nuland said the United States was taking a “tough look at Bitcoin” following the ransomware attack on the Colonial Pipeline and suggested El Salvador take a similar approach. The country passed a law in June making Bitcoin (BTC) legal tender, legislation that will go into effect on Sept. 7.
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