UN commission serves new warning against BTC adoption in El Salvador

Cointelegraph

Published Jul 09, 2021 12:45PM ET

Updated Jul 11, 2021 03:00PM ET

The Economic Commission for Latin America and the Caribbean, or ECLAC, a United Nations’ regional commission to encourage economic cooperation, is the latest regulator to raise concerns about El Salvador’s decision to accept Bitcoin (BTC) as legal tender.

ECLAC executive secretary Alicia Bárcena has warned that El Salvador’s Bitcoin move poses a number of systemic risks as well as risks related to money laundering, local news agency Diario El Mundo reported Friday.

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