El Salvador: Chivo wallet disables frozen Bitcoin price feature, to ‘counter fraud’
Last month, El Salvador became the first country to adopt BTC as legal tender, attracting both praise and criticism from the global community. Salvadoran President Nayib Bukele claimed that 2.1 million of his fellow citizens were using the government-backed Chivo cryptocurrency wallet. That said, a row of technical glitches have beset the Salvadoran government’s bitcoin digital wallet.
Users of the Chivo wallet will not be able to see frozen price quotes, as highlighted in the latest announcement as follows (translated),
“We had to temporarily disable the option to see the Bitcoin price frozen for one minute. Unfortunately, many of our users used it for scalping, which is legal, but without having the option of a frozen rate.”
The price freeze
Read more on ambcrypto.com
