U.S. Under Secretary of State for Political Affairs Victoria Nuland discussed El Salvador’s Bitcoin law with President Nayib Bukele during her June 30 visit to the tropical nation.
Nuland stressed that Bitcoin had to be “well-regulated” in the country:
She also mentioned that the U.S. was taking a “tough look” at crypto in the wake of recent ransomware attacks.
So, I did suggest to the president that whatever El Salvador chooses to do, you ensure…that it is well-regulated, that is transparent, and that it is responsible, and you protect yourself against malign actors.
Nuland also hopes that El Salvador will be able to arrive at a common understanding with the International Monetary Fund when it comes to Bitcoin, Reuters reports.