World Bank Rejects El Salvador Request For Help On Bitcoin Implementation

"We are committed to helping El Salvador in numerous ways including for currency transparency and regulatory processes," said a World Bank spokesperson via email.

The World Bank said on Wednesday it could not assist El Salvador's bitcoin implementation given environmental and transparency drawbacks. "We are committed to helping El Salvador in numerous ways including for currency transparency and regulatory processes," said a World Bank spokesperson via email. "While the government did approach us for assistance on bitcoin, this is not something the World Bank can support given the environmental and transparency shortcomings." Earlier on Wednesday, Salvadoran Finance Minister Alejandro Zelaya said the country had sought technical assistance from the Bank as it seeks to use bitcoin as a parallel legal tender alongside the U.S. dollar.