According to Reuters, the El Salvador Court of Accounts will investigate a complaint regarding the government’s Bitcoin purchases, and the construction of kiosks that can be used as ATMs.
El Salvador became this month the first country to adopt bitcoin as a legal tender. This move was championed in part by President Nayib Bukuele. The price of Bitcoin in India was Rs. As of September 17, 2017, at 11:59 IST, 37.29 lakhs had been sold.
Chivo is a digital wallet that the government launched. It links to new cryptocurrency cash machine, which allows users to withdraw money from their digital Bitcoin holdings. Its rollout was plagued with glitches.
The Court of Accounts can impose asset and administrative sanctions on officials who are unable to solve their problems. Cristosal, a regional human rights organization, complained about Bitcoin implementation in El Salvador.
Cristosal asked for an audit of the authorisation process for purchasing Bitcoins, and to examine the construction of booths for ATMs connected to Chivo’s digital wallet. This was a company that was established using public resources.
Cristosal complained about six members of Bitcoin Trust’s Board of Directors, which included members of Finance and Economy ministries as well as the Secretariat of Commerce and Investments.
‘Having accepted the complaint, it is going to proceed to execute the legal analysis report, and in a timely fashion, forward such report the General Audit Coordination’, the Court of Accounts stated in an official document that was reviewed by Reuters.
A Cristosal official who was not authorized to discuss the matter confirmed that the complaint had been accepted.
In addition to sanctioning officials the Court of Accounts can present notices to Attorney General’s Office in order to initiate criminal proceedings if it finds any irregularities in their investigations.
The government of President Bukele did not immediately respond when we asked for comment.
