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Government of El Salvador to be investigated on Bitcoin purchases and ATMs

A document accessed by Reuters reveals that the El Salvador Court of Auditors, which oversees public resources, will investigate a complaint about government purchases of Bitcoins. In addition, the construction of kiosks for cryptocurrency ATMs will also be investigated.

Government of El Salvador to be investigated on Bitcoin purchases and ATMs

Government of El Salvador to be investigated on Bitcoin purchases and ATMs

The investigation comes about ten days after El Salvador made Bitcoin legal tender amid protests by the population. Now, the cryptocurrency is also the country’s official currency alongside the dollar.

As Reuters revealed in the story on Thursday (16), the court’s investigation is related to the Chivo digital wallet.

The “wallet” was created so that Salvadoran citizens and merchants can transfer their Bitcoins. It can also be used in newly built cryptocurrency ATMs for BTC withdrawals. However, during launch, the equipment had several flaws.

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According to the news agency, the audit court said it had received a complaint on Sept. 10 from a human rights and transparency group in El Salvador called Cristosal.

The group requested an audit on the authorization processes for the purchase of Bitcoins, as well as a review of the construction of the stands used in the ATMs that were set up with public funds.

“Having admitted the complaint, it will be proceeded to carry out the legal analysis report and, in a timely manner, forward such report to the General Audit Coordination,” the Court of Accounts said in an official document reviewed by Reuters.

Cristosal’s complaint was against six members of the Board of Directors of the Bitcoin Trust. This council is made up of members of the Finance and Economy Ministries, in addition to the Trade and Investment secretariat.

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