An El Salvadoran legal aid agency said it had twice declined the government’s request to disclose Bitcoin data.
After El Salvador accepted Bitcoin as the local currency, the serious declines of all cryptocurrencies, especially Bitcoin, led to question marks in the local people. While the public used to trade with Bitcoin at the beginning, they do not prefer it now.
El Salvador Not Responding To Request For Information About Bitcoin Decisions
El Salvador’s development bank, BANDESAL, recently declined to disclose information about the government’s controversial Bitcoin purchases.
El Salvador’s Anti-Corruption Legal Advice Center (ALAC), which provides legal assistance to citizens in speaking out against corruption, released a document from the bank in a tweet late over the weekend. In the document, BANDESAL says it cannot reveal confidential information.
El pasado mes de septiembre @BANDESAL denegó por segunda vez entregar información sobre la compra y venta de Bitcoin por parte del gobierno salvadoreño, alegando reserva y contrariando el principio de máxima publicidad y proporcionalidad. Más información: https://t.co/J2bYYYIgMC pic.twitter.com/IU1738TJ9J
— ALAC El Salvador (@ALAC_SV) October 31, 2022
BANDESAL is a government body responsible for the management of funds used by the Salvadoran government for Bitcoin projects. Last year, the small Central American country became the first in the world to accept cryptocurrency as legal tender. Then, the almost 70 percent depreciation of the cryptocurrency brought question marks to everyone.
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