24.4 C
Accra
Thursday, July 29, 2021
No menu items!

World Bank rejects El Salvador request for Bitcoin help

Must Read

Sexually abused children can develop mental health disorder- Dr Ekremet

A Child and Adolescent Mental Health Specialist at the Accra Psychiatric Hospital, Dr Peggy Ekremet, says sexually abused children...

Debate on LGBTQ+ issue still rages on

The Member of Parliament for Nhyiaeso, Dr. Stephen Amoah, says the sovereignty of the country must be respected when...

NDC to appeal Assin North High Court ruling

The Minority in Parliament is set to challenge the Cape Coast High Court in the Central Region ruling in...

The World Bank has rejected a request from El Salvador to help with the implementation of Bitcoin as legal tender. The international lender cited concerns over transparency and the environmental impact of Bitcoin mining.

Earlier this month, the Central American country announced plans to become the first nation to formally adopt the digital currency. It aims to use Bitcoin as a parallel legal tender alongside the US dollar.

The World Bank’s decision could mean the country faces problems in hitting its deadline to ensure that Bitcoin is accepted nationwide in the next three months.

SourceBBC

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Sexually abused children can develop mental health disorder- Dr Ekremet

A Child and Adolescent Mental Health Specialist at the Accra Psychiatric Hospital, Dr Peggy Ekremet, says sexually abused children...

Debate on LGBTQ+ issue still rages on

The Member of Parliament for Nhyiaeso, Dr. Stephen Amoah, says the sovereignty of the country must be respected when it comes to its values,...

NDC to appeal Assin North High Court ruling

The Minority in Parliament is set to challenge the Cape Coast High Court in the Central Region ruling in respect to Assin North 2020...

Men’s Olympic football: Brazil through to quarter-finals in Tokyo but Germany go out

Defending champions Brazil eased through to the quarter-finals of the men's Olympic football, but 2016 silver medallists Germany are eliminated. Everton striker Richarlison scored two...

Tokyo 2020: Samuel Takyi defeats Ecuadorian boxer to qualify for quarterfinals

Ghana’s Samuel Takyi defeated Ecuardo’s Jean Carlos Caicedo by a unanimous decision to advance to the last 8 of the boxing event at the...

More Articles Like This