on Feb. 16, 2022. Should the act secure the approval of the full Senate, it would require the federal government to assess the enactment of Bitcoin law in El Salvador and determine whether the nation can “mitigate the financial integrity and cyber security risks” and meet Financial Action Task Force requirements. After 60 days of assessment, the agencies should come up with action plans.
Immediately after the introduction of the ACES bill in February, Bukele demanded that the U.S. “stay out” of El Salvador’s domestic affairs. “The U.S. government DOES NOT stand for freedom and that is a proven fact” — the Salvadoran leader claimed.
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