The former governor of the central bank of El Salvador said that the state bitcoin application Goat (BTC) would have already been closed by regulators if it were a private company.
According to El Diario de Hoy, ex-head Central Reserve Bank of El Salvador Carlos Acevedo struck a blow at the state-owned company that operates the wallet. Chivo has found bugs affecting functionality, according to newspapers and social media posts. Merchants complained that payments using the app failed, and allegations of widespread identity theft became commonplace.
Many public figures who say they have never used or downloaded the app say their personal details have been used by online scammers intending to demand the $ 30 Bitcoin that all new Salvadoran users are entitled to when they first use Chivo …
Acevedo denounced the fact that no government agency had investigated the alleged problems with the Chivo wallet, implying that the app’s operator enjoyed protected status due to being a state-owned company.
If this company were [частной] firm, then at least Financial System Department and Consumer Defender [главный наблюдатель за потребителями в Сальвадоре] would have started an investigation against her a long time ago.
He accused the government and regulators of being passive in the face of growing application problems.
The government and operator Chivo have come under increased scrutiny this month. In mid-December, a human rights organization Cristosal said the app could ultimately be subject to US sanctions that would virtually undermine its ability to function as an international platform for cryptocurrency transfers.
The organization noted that it filed complaints from approximately 131 people who were negatively impacted in one way or another by the application.
The same media outlet also echoed the sentiments expressed by Acevedo and questioned the lack of interest in the situation on the part of the nation’s attorney general. Cristosals’ Head of Legal and Security Services, Zaira Navas, said:
We consider this to be an extremely serious situation. We made our first complaints [на приложение] almost two months ago, and as of today, the problems for most of the people we initially filed a complaint against have not yet been resolved.
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