The president of The Savior, Nayib Bukele, on September 19 made the purchase of 150 bitcoins, which in addition to those who had previously bought a total of 700 bitcoins is obtained. However, the procedures carried out for its purchase are unknown., according TV OUTBREAKS.
In the early hours of September 19, Nayib Bukele announced through his account on the digital platform Twitter that, had made the purchase 150 bitcoins increasing the total sum of cryptocurrencies that the president had acquired days ago in different transactions. The tweet was headed by “We just bought the dip” which in Spanish means that they only bought in the fall, referring to the fall that bitcoin had that same day. He also added that “They can’t beat you if you buy in the fall”And ended the publication adding that this was a “Presidential notice”.
The community is struck by not knowing what part of the budget the money is coming from to buy the coins digitalTherefore, the FOCOS TV web portal investigated and presented documents provided by the Ministry of Economy, the Unit for Access to Public Information of the Presidency of the Republic, the Ministry of Finance and the Central Reserve Bank in which shows that none of these institutions have supporting information regarding the process of buying these bitcoins.
This documentation was acquired after the journalism and analysis magazine requested the administrative file of the purchase of bitcoins, the purchase commission, the risk analysis of the purchase and the budget items from which the money came.
Despite the fact that the National Congress modified this year’s budget and allocated USD 203.3 million for the acquisition of bitcoins and USD 150 million for its creation, certain requirements and processes established by the legislative system must be met.; Among them is the pass through Bandesal, which is the Development Bank of El Salvador, which is the state responsible for managing the crypto asset in Salvadoran territory. The same one who agreed to give a reason regarding the request and to which he replied that the file is non-existent “because they had not applied the procurement and contracting law of the public administration LACAP that regulates the transparency of state purchases,” explained the FOCOS TV portal .
In the absence of documentation, Bandesal defended itself by explaining that the Bitcoin Law considers bitcoin transactions as banking and financial operations. But Graciela Ayala, lawyer from the Anti-Corruption Legal Advisory Center of El Salvador, differs from what Bandesal said and argues that theoretically there must be documents and files that support the purchase of bitcoins since these operations were carried out with public funds.
It should be remembered that the Bitcoin Law in El Salvador began to rule on September 7, and already on the 6th of the same month, the president was making the first purchase of 200 bitcoins. News that he announced on his Twitter account, like the rest of the purchases were reported by the digital platform. The first transaction was carried out with the Bitso company, who made a retweet quoted from Bukele’s tweet where he said “Thank you for your purchase Mr. President! ” Later, Nayib Bukele proceeded to buy 200 bitcoins again the same day of the first purchase, and the third acquisition was for 150 bitcoins that he made on September 7 and now this last operation of the same amount as the last time made on September 19. month.