🇸🇻 Adiós a #Chivo: ¿Termina la #cripto aventura salvadoreña con #Bitcoin?
#Datenleck:
#Zweifel an der #Sicherheit von #ElSalvador.s #Bitcoin-#Wallet #Chivo
The saga of El Salvador’s state-operated Bitcoin wallet, Chivo, continues to unfold as hackers expose more sensitive information related to the crypto wallet. Read the full story on the Chivo hack here: https://zurl.co/xHNs
#ElSalvador #Bitcoin #Chivo #CryptoNews #Hackers #CyberSecurity #BTC #DataSecurity
The "El Salvador Example" is a classic representation of the #hypocrisy of #crypto enthusiasts. This implementation goes completely against everything they claim is important about crypto. Chivo is not open source. The exchange is not public and has no way to verify its operation. #Chivo transactions do not happen on the BTC blockchain. There's no way to follow the crypto axiom: "Don't Trust, Verify."
International Monetary Fund, El Salvador: Staff Concluding Statement of the 2023 Article IV Mission, February 10, 2023
— Available here: https://www.imf.org/en/News/Articles/2023/02/10/el-salvador-staff-concluding-statement-of-the-2023-article-iv-mission
#cryptoassets #digitalassets #digitalcurrency #virtualassets #tokenizedbonds #tokenization #bitcoin #chivo #remittances #financialstability #consumerprotection #riskmanagement #regulation #AML #CFT #FIU #compliance #VASP #IMF #ElSalvador