Cristosal, a non-profit human rights organization in El Salvador, said: Three lawsuits related to President Naib Bukele’s control of public funds for Bitcoin purchases. This process has been carried out in front of several national and international bodies asking governments to provide information on these purchases.
President Nayib Bukele sued by Salvadoran nonprofit Cristosal
On 17 November, Cristosal, a nonprofit human rights group, filed a three-year lawsuit against President Nayib Bukele. announced that it had filed two separate lawsuits. To reveal the source and transaction information of Bitcoin purchase funds. Ruth Lopez, the group’s anti-corruption spokesperson, said one of the lawsuits had to do with the illegality of reforms Bukele made to the law regarding these costs.
Lopez explains that $750 million is being managed by Bukele in an unconstitutional manner as part of a Bitcoin trust set up by the country’s central bank, allowing the president to control the funds. They argued that these laws were invalid.
Similarly, the second lawsuit concerns a lack of investigation by the governing body, the Republican Court of Accounts, into the costs associated with implementing the Bitcoin Act. Applications for booth construction, ATM acquisition, platform installation, bitcoin exchange and management.
Lopez said:
The platform does not control who you buy or sell bitcoin from. Until now, Salvadorans have only guessed how it worked and how much it cost.
A third lawsuit, due before the Inter-American Court of Human Rights, will cover the identity theft that more than 200 Salvadorans faced while sending data to his Chivo wallet system. Related.
Bitcoin skepticism
President Naybu Bukele recently announced that the country would buy one bitcoin a day for his virtual Demonstrates his belief in currency. Lopez believes people are still skeptical of Bitcoin. To her, these expenses are unnecessary and do not meet people’s immediate needs.
Regarding this, Lopez said:
Salvadorans do not feel equated with Bitcoin. No, but Bitcoin is of no use to them. Not a population to invest in as they barely have enough to eat.
Some studies show that President Bukele is very popular in the country, but Bitcoin is another matter. A survey conducted by Jose Simeoncañas University of Central America in his June revealed that more than 70% of Salvadorans believe Bitcoin has not brought them any benefit. .
Image Credits: Shutterstock, Pixabay, Wiki Commons