In early June of this year, the Parliament of El Salvador adopted a bill on the legalization of bitcoin, initiated by the team of the country's President Nayib Bukele.
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However, international financial organizations represented by the World Bank and the IMF criticized this decision by the authorities of the Latin American state. In their opinion, the integration of BTC into the traditional banking system will undermine its stability.
The US also reacted to El Salvador's decision.
Deputy Head of State Victoria Nuland called on the government of El Salvador to ensure reliable regulation of Bitcoin transactions. She made such a statement at a press conference held following talks with the President of El Salvador.
Nuland stressed that the US is still extremely skeptical about the prospects for Bitcoin. Cryptocurrencies are often used by hackers and scammers, and this should be remembered in the government of Nayib Bukele.
The Deputy Head of the State Department emphasized: "I suggested to the president that El Salvador ensure that Bitcoin is well regulated and the financial system is protected from hacker attacks."