Nayib Bukele, president of El Salvador, is being accused of diverting 200 million dollars to his strategy of converting Bitcoin into legal tender in his country.
Continuous Doubt: Unveiling the Deception of this Man
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688 sats \ 1 reply \ @siggy47 1 Nov 2023
Wait. Is that wrong?
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0 sats \ 0 replies \ @TNStacker 1 Nov 2023
This!
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0 sats \ 2 replies \ @okpj 2 Nov 2023
@Fsociety accused of posting statements without context or source
How can the leader of a country embezzle money? Who is his employer?
Who is doing the accusing? Is it… a central bank?
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90 sats \ 1 reply \ @DST5 OP 2 Nov 2023
“The documents show that the government diverted most of the staff to finance its own needs, allocating US$425 million to ‘general State obligations’”, points out La Prensa, which helped with the investigations. “Of this amount, more than US$200 million was allocated to a pet project of El Salvador’s authoritarian leader, Bukele: transforming Bitcoin into the national currency.”
“It basically says that there is an agreement in El Salvador that no BCIE money could be used to finance any Bitcoin activity. So no, we don’t finance this”, commented Dante Mossi, president of BCIE.
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0 sats \ 0 replies \ @okpj 2 Nov 2023
So the accuser is a central bank.
Is the BCIE Bukeles employer?
Does Bukele have the right to decide the best way to use government money in El Salvador?
El Salvador only has $80 million dollars worth of bitcoin. How does the BCIE prove El Salvador’s 2,381 bitcoins came from embezzlement?
Sounds like an IMF/World Bank hit piece.
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0 sats \ 0 replies \ @quark 1 Nov 2023
Well the investment is going well :)
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0 sats \ 0 replies \ @nerd2ninja 1 Nov 2023
Yeah we straight up don't know what the law in El Salvador is. Was there a spending bill that was supposed to pass first? Does he have presidential powers to interpret a spending bill section to be appropriate for Bitcoin? Like I don't understand enough about what's going on to understand the issue.
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