El Salvador development bank refuses to reveal bitcoin records

2022/11/01 06:39

According to Decrypt, BANDESAL, El Salvador’s development bank, has refused to provide information on the government’s controversial bitcoin buys, an anti-corruption body revealed Sunday. In a late weekend tweet, El Salvador’s Anti-Corruption Legal Advisory Center (ALAC), which provides citizens legal aid in speaking out against corruption, released a document from the bank. In the document, BANDESAL says it cannot reveal the “confidential” information. BANDESAL is in charge of managing funds used by the Salvadoran government for its bitcoin projects. ALAC criticized BANDESAL for the move. “The confidentiality limits the possibility for citizens to access and receive information on the operations carried out with public funds by BANDESAL,” it said in a tweet.

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