Bitcoin in the ban of nations? After the IMF, the UN warns El Salvador

A country that knows no respite – While the IMF was already watching with concern as Bitcoin

officially became a legal currency in El Salvador, this time the country has received a new warning from the United Nations (UN) regional commission: the ECLAC.

El Salvador in the line of fire

ECLAC (Economic Commission for Latin America and the Caribbean) is a regional commission of the United Nations that aims to encourage economic cooperation between member countries. It is also the latest regulator to be concerned about El Salvador’s decision to accept Bitcoin (BTC) as legal


ECLAC Executive Secretary Alicia Bárcena warned that the bitcoin situation in El Salvador poses a number of systemic risks as well as money laundering risks. These words



last Friday by local news agency: Diario El Mundo. Carte du monde de l'adoption de Bitcoin en tant que monnaie légale où seul le Salvador est mentionnéBitcoin Adoption interface showing El Salvador as the only country with Bitcoin as a legal currency – Source: Bitcoin Adoption L’attribut alt de cette image est vide, son nom de fichier est CTA-achat-Bitcoin-BTC-trop-tard.png.

A country under threat from all sides?

The executive secretary remains convinced that El Salvador is likely to face scrutiny and risks from the Financial Action Task Force (FATF) or the Financial Action Task Force (FATF

), regarding its decision to positively legislate on bitcoin.

On June 17 last year, the World Bank had also denied El Salvador’s request for assistance in the country’s transition to bitcoin adoption, citing issues related to the alleged environmental impact and anonymity of the crypto king. Bank of Russia Deputy Governor Alexey Zabotkin also expressed <a href=”

-la-loi-russia-governor-bank-russia-against-investment-crypto/” target=”_self” rel=”noopener”>have concerns about El Salvador’s decision, as it would pose risks to financial stability.

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In issuing this warning, ECLAC joins authorities and global organizations increasingly concerned about El Salvador’s Bitcoin turn. But while the dinosaurs of the old world, are still trying to figure out what Bitcoin is, how long will it be before another country emulates El Salvador?

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