El Salvador Seeks World Bank Help For Bitcoin Implementation

Zelaya said the Central American country has tapped the World Bank for technical assistance on rules and implementation of the cryptocurrency.

El Salvador has sought assistance from the World Bank as it implements its move to use bitcoin as a parallel legal tender alongside the U.S. dollar, Finance Minister Alejandro Zelaya said on Wednesday. Zelaya said the Central American country has tapped the World Bank for technical assistance on rules and implementation of the cryptocurrency. The minister also said ongoing negotiations with the International Monetary Fund have been successful, though the Fund said last week it saw "macroeconomic, financial and legal issues" with the country's adoption of bitcoin. Zelaya said on Wednesday the IMF is "not against" the bitcoin implementation.