El Salvador’s president prosecuted for his Bitcoin purchases?

An organization in El Salvador has announced to sue the country’s president. Nayib Bukele is accused of three grievances, among which the lack of transparency in the purchase of Bitcoins with public funds.

Nayib Bukele prosecuted for his Bitcoin policy

It was known that President Nayib Bukele‘s Bitcoin policy was not to everyone’s liking, however, very few people thought that this could lead to him being taken to court! But that’s what happened…

Cristosal, a Salvadoran structure for the defense of human rights announced that it had filed a complaint against Nayib Bukele. According to Ruth Lopez, the spokeswoman of the complainant structure, three grievances are reproached to the president of El Salvador.

First, it is accused of maintaining a blur on the origin of funds used to bail out the country’s Bitcoin treasury. These financial allocations are illegal, according to the human rights organization, which reports that nearly $750 million has been spent on the purchase of Bitcoins.

Secondly, Cristosal blames Nayib Bukele for the lack of investigation by the Republic’s Court of Audit into the country’s Bitcoin policy. Indeed, this body should have ensured an audit of the expenses that arise from the implementation of the Bitcoin policy. This ranges from the construction of booths to the acquisition of ATMs to the installation of the platform and application for convertibility and management of bitcoin.

There is no control over the identity of the platform that buys and sells Bitcoin. So far, everyone in El Salvador has some suspicions about how this works…

Ruth Lopez, spokeswoman of Cristosal

Third, the Salvadoran president is accused of identity theft. 200 Salvadorans faced this problem when their data was delivered to the Chivo Wallet system. While the previous two charges were prosecuted in national judicial institutions, this third charge has been brought before the Inter-American Court of Human Rights.

The Cristosal spokeswoman also took the opportunity to give her opinion on the legitimacy of Bitcoin in El Salvador. For her, the Salvadoran population remains indifferent to Bitcoin because they have primary needs to which Bitcoin does not provide solutions. A U.S. university had already reached similar conclusions in the past.

The Salvadoran population is not involved in Bitcoin, as its members sometimes barely have enough to eat.

Ruth Lopez, spokeswoman of Cristosal

It is unlikely that the charges against Nayibu Bukele will disrupt his Bitcoin-related ambitions in El Salvador. Recently, Nayib launched a one Bitcoin per day DCA. On the other hand, the president of El Salvador has always come out as a defender of Bitcoin in response to false criticism. In addition to the legal process, the complaining organization would do well to learn about the importance of Bitcoin in defending Human Rights. The Human Rights Foundation, which funds Bitcoin development projects, could help them…