The US has just opened up about El Salvador’s ‘coin playing’, President Bukele strongly countered: ‘Stay away from our internal affairs, El Salvador is not your backyard, your front yard’

El Salvador’s President Nayib Bukele on February 16 asked US senators to stay away from El Salvador’s ” inside affairs ” after they called for an investigation into the economic risks the US faces. faced when El Salvador deemed it legal to pay in Bitcoin.

Senators Jim Risch, Bill Cassidy, and Bob Mendez have asked the State Department to submit a report on Bitcoin use in El Salvador for the purpose of assessing possible risks to the US economy. .

” You have no jurisdiction over a sovereign and independent country ,” Bukele, 40, said in a tweet. ” We are not your colony, nor your backyard or your front yard. Stay away from our internal affairs. Don’t try to control something you can’t control .”

El Salvador is the first country in the world to apply cryptocurrency in official payment activities, in parallel with the US dollar. This decision was also met with fierce criticism from the International Monetary Fund (IMF).

The US Senators also expressed fear that the adoption of Bitcoin payments could undermine the US government’s sanctions policy and increase the activity of criminal organizations.

” This policy has the potential to undermine U.S. sanctions policy, empowering bad organizations or organized crime. We need to learn more clearly about El Salvador’s policy ,” the senators said. US congressman said in a statement.

The government of El Salvador is said to have purchased around 1,801 Bitcoin since September 2021. They have been questioned by economists and the opposition for their refusal to take responsibility for the purchasing and management of the national treasury.

Diplomatic relations between El Salvador and the United States deteriorated after the White House publicly denounced corruption cases in Bukele’s government and escalated measures to increase the president’s power.

Source: Reuters