El Salvador authorities: the risk of BTC collapse is minimal

Salvador’s finance minister, Alejandro Zelaya, has dismissed fears that the collapse of the BTC will damage the country’s financial system. He added that all statements about high fiscal risk due to bitcoin only make him smile.

“$ 40 million is not even 0.5% of our national budget,” Zelaya added of the country’s losses.

Indeed, the $ 40 million lost during the fall of the PTS does not play a crucial role in El Salvador’s economy – the country’s national budget is $ 24.64 billion (2020).

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