Bitcoin News and Finance
Salvadoran Court of Accounts to Investigate Government’s Bitcoin ATM Buys, Chivo Kiosk Construction Skip to main content

Salvadoran Court of Accounts to Investigate Government’s Bitcoin ATM Buys, Chivo Kiosk Construction

According to reports stemming from the Salvadoran Court of Accounts, the regulatory body is planning to investigate the government’s bitcoin automated teller machine (ATM) purchases and Chivo kiosk construction. The investigation follows the recent protest in El Salvador against the adoption of bitcoin as the crowd set fire to a bitcoin ATM.

Human Rights Group Cristosal Files Complaint Against Nayib Bukele’s Regime

On September 15, a large group of protestors took to the streets in San Salvador to protest the new bitcoin law implemented by Salvadoran president Nayib Bukele. It’s not the first time protests against the law have happened, but this time around a bitcoin ATM was set ablaze. Following the protest, El Salvador’s Court of Accounts is looking into a complaint about the Bukele regime’s bitcoin ATM buys and kiosk construction. A document was witnessed by Reuters staff and the complaint was filed by a human rights and transparency organization called Cristosal.

The complaint Cristosal filed with the Salvadoran Court of Accounts is against six Board of Directors members of the Bitcóin Trust. Furthermore, the complaint is also against the Salvadoran secretariat of Commerce and Investments and members of the Finance and Economy ministries.

The Human Rights Foundation’s (HRF) chief strategy officer Alex Gladstein discusses the pros and cons tied to the new bitcoin legal tender law. The HRF representative Gladstein’s entire Twitter thread on the subject can be read here.

The Court of Accounts (CoA) says the complaint was received on September 10, five days before the protest and torched ATM. The CoA can impose sanctions against Salvadoran government officials. Salvadoran president Nayib Bukele has been called a dictator and has been investigated before.

Cristosal Says CoA Complaint Has Been Accepted

For instance, in May Bukele’s New Ideas Party fired several Supreme Court members and the attorney general. Twenty government institutions linked to the Bukele administration were under investigation for manipulation and corruption. He then fired all those who were involved in the investigation. The news publication El Faro also accused Bukele of secretly negotiating a deal with Mara Salvatrucha, the most powerful gang in El Salvador. The latest investigation stemming from the CoA and Cristosal notes that an analysis of the bitcoin situation will take place.

Salvadoran president Nayib Bukele is considered a “dictator” and has been referred to in that way by many global leaders and news outlets. Bukele has been accused of being friendly with the largest Salvadoran gang Mara Salvatrucha and members of Bukele’s family were recently accused of planning to launch a stablecoin.

“Having admitted the complaint, it will proceed to carry out the legal analysis report and, in a timely manner, forward such report to the General Audit Coordination,” the CoA document reviewed by Reuters notes. The news outlet detailed that an unnamed source from Cristosal says that the complaint written to the CoA “has been accepted.” Moreover, the CoA has the power to start criminal proceedings if the investigation into the bitcoin ATM purchases and kiosk construction uncovers suspicious elements.

What do you think about Cristosal’s complaint and the CoA starting an investigation into the Bukele regime’s bitcoin affairs? Let us know what you think about this situation in the comments section below.

Labels:

Comments

Post a Comment

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl
Post a Comment
Read more

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju
Post a Comment
Read more

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and
Post a Comment
Read more

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r
Post a Comment
Read more
Blogarama - Blog Directory