Bill Introduced to Regulate BTC Use in El Salvador. The U. isn't crazy about the bitcoin agenda implemented by El Salvador.
10 Apr 2022, 08:00
Bill Introduced to Regulate BTC Use in El Salvador
The U.S. isn’t crazy about the bitcoin agenda implemented by El Salvador. As a result, several members of Congress are now working to create a new law that would require El Salvador to report to American officials regarding its bitcoin use to ensure accountability.
El Salvador Is the Object of America’s Bitcoin SuspicionsThe law is called the Accountability for Cryptocurrency in El Salvador (ACES) Act. It was written and introduced by Norma J. Torres, a democrat from California, and Rick Crawford, a republican of Arkansas. This suggests that the bill was produced through bipartisan efforts. The document is designed to analyze any risks to America’s financial systems if El Salvador indeed switches completely over to bitcoin.