Why Bankers Just Complicated El Salvador’s Bitcoin Plan

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Why Bankers Just Complicated El Salvador’s Bitcoin Plan

investorplace2021-06-17

The price ofBitcoin(CCC:BTC-USD) slipped to below $39,000 on Thursday after the World Bank refused El Salvador’s request to help with the implementation of the cryptocurrency as a legal tender. The ...

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Richson
·2021-06-18
Quite early
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Lionellee
·2021-06-18
Interesting
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logostauros
·2021-06-18
Still early stage for crypto
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VSkemama
·2021-06-18
Like and comment
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2
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nananan
·2021-06-18
Buy dip! Good for hodlers!
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SandDust
·2021-06-18
What else you expect reaction from banks on cryptos?Please like and comment
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1
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TK360
·2021-06-18
Great
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1
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andrew123
·2021-06-18
Once they can put everything in place n acceptted, this will be the begining of bull run for crypto
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serenityj
·2021-06-18
Can bitcoin continue to grow
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1
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- andrew123:
  maybe not now but that will not stop fm growing interest in crypto.
  2021-06-18
  Reply
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smokeNdrink
·2021-06-18
Comment
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2
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- smokeNdrink:
  comment
  2021-06-18
  Reply
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ChrisCen
·2021-06-18
Why make difficult
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- serenityj:
  they want bitcoin to drop
  2021-06-18
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Jessieping
·2021-06-18
Wah
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1
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kcwang4982
·2021-06-18
Nice
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4
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- w8w8:
  Steamed
  2021-06-19
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- Jordanbey:
  Nice
  2021-06-18
  Reply
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alaric
·2021-06-18
Nice
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5
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- Mando88:
  good
  2021-06-18
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- Jessieping:
  ya
  2021-06-18
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HeoMoi
·2021-06-18
Cool
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MaxWin
·2021-06-18
Cool
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6
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- alaric:
  Yes
  2021-06-18
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ArchieM
·2021-06-18
Why the world bank should STFU.
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KlWong
·2021-06-18
Interesting
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3
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TohYangYang
·2021-06-18
Like and comment pls
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- KlWong:
  Ok
  2021-06-18
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smilingtiger
·2021-06-18
?
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- TohYangYang:
  Nice
  2021-06-18
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The ...</p>\n\n<a href=\"https://investorplace.com/2021/06/world-bank-crypto-news-why-bankers-just-complicated-el-salvadors-bitcoin-plan/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GBTC","symbol_name":"Grayscale Bitcoin Trust","start_time":0,"source_url":"https://investorplace.com/2021/06/world-bank-crypto-news-why-bankers-just-complicated-el-salvadors-bitcoin-plan/","article_id":"1108846547","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1108846547","pubTimestamp":1623943021,"columns":[],"sourceInfo":{"source_id":"lsy1606302653667","name":"InvestorPlace"},"weMediaInfo":null,"summary":"The price ofBitcoin(CCC:BTC-USD) slipped to below $39,000 on Thursday after the World Bank refused E","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"translate_title":"为什么银行家们把萨尔瓦多的比特币计划搞复杂了","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GBTC":0.9},"content_text":"The price ofBitcoin(CCC:BTC-USD) slipped to below $39,000 on Thursday after the World Bank refused El Salvador’s request to help with the implementation of the cryptocurrency as a legal tender. The value of BTC has depreciated about 0.4% in the last 24 hours.\nLast week, the Latin American country’s president, Nayib Bukele, tweeted a reveal of his El Salvador Bitcoin plan :\nHe deflected concerns about the cryptocurrency’s environmental impact with another tweet that indicated the country would use clean energy for mining:\n\n “Our engineers just informed me that they dug a new well, that will provide approximately 95MW of 100% clean, 0 emissions geothermal energy from our volcanosStarting to design a full#Bitcoinmining hub around it.”\n\nYet that wasn’t enough to prevent theWorld Bank crypto kibosh. The lender said it could not assist El Salvador’s Bitcoin plan due to the environmental impact of mining and transparency challenges. “We are committed to helping El Salvador in numerous ways including for currency transparency and regulatory processes,” a spokesperson for the international lender toldReuters.\n“While the government did approach us for assistance on Bitcoin, this is not something the World Bank can support given the environmental and transparency shortcomings.”\nEl Salvador Bitcoin Plan Would Be a First\nEl Salvador is looking to offermore financial freedomto citizens who might not have access to traditional financial services. That makes sense as only 30% of citizens have access to such services. Folks there won’t have to use a government wallet to hold BTC. And while all businesses will have to accept Bitcoin, they won’t necessarily have to hold onto it.\nWhat else is inthe El Salvador Bitcoin plan, which makes the country the first in the world to accept the cryptocurrency as legal tender?\n\nThe government is setting up a fund that will allow businesses to exchange BTC for U.S. dollars.\nThis fund will hold $150 million and will regularly sell Bitcoin to replenish its resources.\nIn addition to all of this, Bukele also revealed that investing in the economy of El Salvador can grant a person citizenship.\nHe said that anyone that invests 3 BTC, or about $117,0000 as of this writing, into the economy will obtain citizenship in the country.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":168540934,"gmtCreate":1623979404528,"gmtModify":1703825302843,"author":{"id":"3581934920266169","authorId":"3581934920266169","name":"Richson","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581934920266169","authorIdStr":"3581934920266169"},"htmlText":"Quite early","listText":"Quite early","text":"Quite early","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/168540934","repostId":1108846547,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":168520346,"gmtCreate":1623978968685,"gmtModify":1703825274404,"author":{"id":"3573353646337209","authorId":"3573353646337209","name":"Lionellee","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3573353646337209","authorIdStr":"3573353646337209"},"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/168520346","repostId":1108846547,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":168277537,"gmtCreate":1623977725329,"gmtModify":1703825185643,"author":{"id":"3568392750336799","authorId":"3568392750336799","name":"logostauros","avatar":"https://static.tigerbbs.com/0c229f031636d32a7ce296d4431a41e4","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3568392750336799","authorIdStr":"3568392750336799"},"htmlText":"Still early stage for crypto","listText":"Still early stage for crypto","text":"Still early stage for crypto","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/168277537","repostId":1108846547,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":168659703,"gmtCreate":1623974713402,"gmtModify":1703825009121,"author":{"id":"3581645176053205","authorId":"3581645176053205","name":"VSkemama","avatar":"https://static.tigerbbs.com/152a99fdc4377699d227035746bb7293","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581645176053205","authorIdStr":"3581645176053205"},"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/168659703","repostId":1108846547,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":168614076,"gmtCreate":1623973840195,"gmtModify":1703824966109,"author":{"id":"3555214777256239","authorId":"3555214777256239","name":"nananan","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3555214777256239","authorIdStr":"3555214777256239"},"htmlText":"Buy dip! Good for hodlers!","listText":"Buy dip! Good for hodlers!","text":"Buy dip! Good for hodlers!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/168614076","repostId":1108846547,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":168618584,"gmtCreate":1623973762748,"gmtModify":1703824958518,"author":{"id":"3581331938298103","authorId":"3581331938298103","name":"SandDust","avatar":"https://static.tigerbbs.com/ea6083d742fc232449a625fb122842c8","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3581331938298103","authorIdStr":"3581331938298103"},"htmlText":"What else you expect reaction from banks on cryptos?Please like and comment&nbsp;","listText":"What else you expect reaction from banks on cryptos?Please like and comment&nbsp;","text":"What else you expect reaction from banks on cryptos?Please like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/168618584","repostId":1108846547,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":168613857,"gmtCreate":1623973712779,"gmtModify":1703824955606,"author":{"id":"3574766349354741","authorId":"3574766349354741","name":"TK360","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3574766349354741","authorIdStr":"3574766349354741"},"htmlText":"Great&nbsp;","listText":"Great&nbsp;","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/168613857","repostId":1108846547,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":168632759,"gmtCreate":1623973598271,"gmtModify":1703824948449,"author":{"id":"3576260758860416","authorId":"3576260758860416","name":"andrew123","avatar":"https://community-static.tradeup.com/news/f2a1eaba26272212d42018e60e78b422","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":5,"crmLevelSwitch":0,"idStr":"3576260758860416","authorIdStr":"3576260758860416"},"htmlText":"Once they can put everything in place n acceptted, this will be the begining of bull run for crypto","listText":"Once they can put everything in place n acceptted, this will be the begining of bull run for crypto","text":"Once they can put everything in place n acceptted, this will be the begining of bull run for crypto","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/168632759","repostId":1108846547,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":168696649,"gmtCreate":1623973333281,"gmtModify":1703824932621,"author":{"id":"3581936778366050","authorId":"3581936778366050","name":"serenityj","avatar":"https://community-static.tradeup.com/news/384145952fba5e77385feb53ffdc2b82","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3581936778366050","authorIdStr":"3581936778366050"},"htmlText":"Can bitcoin continue to grow&nbsp;","listText":"Can bitcoin continue to grow&nbsp;","text":"Can bitcoin continue to grow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/168696649","repostId":1108846547,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4851085,"gmtCreate":1623973749019,"gmtModify":1663229212361,"authorId":3576260758860416,"author":{"id":3576260758860416,"idStr":"3576260758860416","authorId":3576260758860416,"name":"andrew123","avatar":"https://community-static.tradeup.com/news/f2a1eaba26272212d42018e60e78b422","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":168696649,"type":1,"supId":0,"prevId":0,"content":"maybe not now but that will not stop fm growing interest in crypto.","text":"maybe not now but that will not stop fm growing interest in crypto.","html":"maybe not now but that will not stop fm growing interest in 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