World Bank Denies El Salvador Help With Bitcoin Plans | Crypto Briefing

Key Takeaways

The World Bank has denied El Salvador’s request for technical assistance in adopting Bitcoin due to environmental and transparency concerns..
President Nayib Bukele asked the World Bank for help in implementing Bitcoin transactions.

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World Bank refuses El Salvador’s request for help on BTC transition

The World Bank has refused El Salvador’s request for help on the country’s transition to adopting Bitcoin as legal tender.
It cited issues with Bitcoin’s environmental impact and transparency as reasons why it will not support El Salvador move to adopt Bitcoin as an officially accepted currency .

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