EDUSELL
Financial Market Examiner
Midas Crypto Vault
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
Financial Market Examiner
No Result
View All Result
Home Crypto News

El Salvador: Bank Refuses to Disclose country’s Bitcoin Acquisition Records

Admin by Admin
November 1, 2022
in Crypto News
0
El Salvador’s President Affirms Long-Term Bitcoin Strategy Is Successful
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter
Event Event

The Development Bank of El Salvador, BANDESAL, has refused to disclose the government’s Bitcoin purchase and sale records for the second time. This is according to an Oct. 31 tweet by the country’s Anti-Corruption Legal Advisory Center (ALAC).

Upon Congress’ approval, BANDESAL a $150 million trust fund — FIDEBITCOIN — to facilitate conversions from Bitcoin to U.S. dollars ahead of El Salvador’s adoption of the cryptocurrency as legal tender in September 2021.

ALAC requested that BANDESAL provide information on the grounds of fiduciary obligations, including the date and amount related to the purchase and sale of Bitcoins, the time of approval by FIDEBITCOIN board of directors, the current balance of FIDEBITCOIN accounts, crypto wallet addresses and account balances used by the government.

ALAC also requested the disclosure of information related to the governmental process of buying bitcoin and exchanges involved in the processes, the value of public funds that the government used to buy BTC and maintain Bitcoin-related projects, and a list of foreign contractors hired to help with the projects.

In a refusal statement, BANDESAL turned down ALAC’s request on the grounds that private information held by the state is confidential and public access is barred by constitutional and legal mandate.

Share on TwitterTweet
Share on Pinterest Share
Share on LinkedIn Share
Share on Digg Share
Tags: BitcoinCrypto
Institutional Trading Concept Institutional Trading Concept Institutional Trading Concept
ADVERTISEMENT
Previous Post

GBP/USD Retreats below 1.1500 as Dollar Rebounds

Next Post

Dogecoin Whale Empties Wallet After 9 Years

Admin

Admin

Next Post
Dogecoin Price Levels To Watch As DOGE Chart Signals Multi-Year Breakout

Dogecoin Whale Empties Wallet After 9 Years

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

  • 99 Subscribers
  • Trending
  • Comments
  • Latest
yen and dollar

FOREX-Yen Flirts With Intervention Level As Dollar See Gains

October 11, 2022
AUD USD pair

Forex: AUD/USD Point To More Downside For The Aussie

October 20, 2022
Axie Infinity price

Axie Infinity Price Eyes 25% Gains Ahead of the Token Unlock

April 21, 2023
Mayowa Owolabi on battles traders need to fight

Battle Every Trader Must Fight (Part 1)- Mayowa Owolabi

August 31, 2022
XAGUSD pair

XAG/USD Climbs to Mid-$19.00s

4
Premier League Considering Partnership With NFT Crypto Platform

Premier League considering partnership with NFT crypto platform

2
EUR/USD pair

EUR/USD Recovers from 20-year Lows

2
Binance Pauses UK New User Registrations

Binance Proof-Of-Reserve Pledge Earns Support Following FTX Crisis

2
AUD USD pair

AUD/USD Stalls Right Above 0.6600

December 8, 2023
Inflation and Forex market

Roles of Inflation in Forex Market

December 8, 2023
Why Investors should own Tether USDT

Why Should Investors Own Tether (USDT)

December 8, 2023
Common terms used in Stock trading

10 Common Terms Used in Stock Trading

December 7, 2023

Recent News

AUD USD pair

AUD/USD Stalls Right Above 0.6600

December 8, 2023
Inflation and Forex market

Roles of Inflation in Forex Market

December 8, 2023
Why Investors should own Tether USDT

Why Should Investors Own Tether (USDT)

December 8, 2023
Common terms used in Stock trading

10 Common Terms Used in Stock Trading

December 7, 2023
Financial Market Examiner

Get all the latest Financial Market (Crypto & Forex) news, updates and other relevant resources here.

Follow Us

Browse by Category

  • Crypto News
  • Education
  • Entertainment
  • Forex News
  • Gaming
  • Review
  • Reviews
  • Stocks
  • Uncategorized

Recent News

AUD USD pair

AUD/USD Stalls Right Above 0.6600

December 8, 2023
Inflation and Forex market

Roles of Inflation in Forex Market

December 8, 2023

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

?>