It is pointed out that Bitcoin has disappeared from the official Bitcoin wallet 'Chivo' in El Salvador

In September 2021,

El Salvador in Central America enforced a law that uses Bitcoin as legal tender, making it the first country in the world to use virtual currency as legal tender. Such El Salvador has released 'Chivo ' as the official Bitcoin wallet of the nation, but the public is saying that 'Bitcoin has disappeared from the Chivo wallet'.

Bitcoin: Hundreds of Salvadorans claim money is disappearing from their government-backed digital wallets | New Scientist

Hundreds Of El Salvador Citizens Report Their Bitcoins Are disappearing From State Owned Chivo Wallet --The Crypto Basic

Salvadorians allege disappearing Bitcoin in Chivo wallet

In El Salvador, the 'Law that makes Bitcoin the legal tender' passed the parliament in June 2021, and Bitcoin officially became the legal tender from September. Cryptocurrencies have very low fees even for international transactions, so in recent years they have become a 'means for workers who have gone abroad to send money to their homeland.' In El Salvador, where remittances from people working overseas account for 20% of GDP, we can expect significant fee savings by using Bitcoin, which is a virtual currency, as legal tender, as well as bank accounts and credit cards. It also has the advantage of making the digital financial system accessible to those who do not.

The world's first law to use Bitcoin as legal tender is enforced in El Salvador --GIGAZINE

At the same time that Bitcoin became fiat currency, the El Salvador government released the official Bitcoin wallet app 'Chivo'. Citizens can purchase and use Bitcoin through Chivo, and the government has developed a service that 'you can receive Bitcoin worth $ 30 (about 3400 yen) when setting up the wallet' and promote the introduction to the citizens. doing.

El Salvador's President Nayib Bukele claimed on Twitter on September 26 that '2.1 million El Salvadorans are actively using Chivo.' El Salvador has a population of about 6.5 million, so if this were true, one-third of El Salvador would be using Chivo.

However, many El Salvadorans who use Chivo have said, 'For some reason, the Bitcoins stored in Chivo have disappeared.' Twitter user El Comisionado (@_elcomisionado_) has posted a thread summarizing these cases reported on SNS, and the total of 50 confirmed cases is $ 96,223 (about 1.1 million yen). It is said that Bitcoin has disappeared from Chivo.

'I don't think Chivo is safe, and because Chivo isn't open source, everyone is safe,' said Zaira Navas of El Salvador's National Civil Police , who actually faced the problem of Bitcoin disappearing from Chivo. '(Most people) don't know how Chivo works,' and many El Salvadorans comment that they don't use Chivo.

Chiivo has also pointed out that 'scammers are misusing someone else's personal information to get a $ 30 bonus,' but at the time of writing the article, the El Salvador government was able to address these issues. It is said that there is no such thing.

in Note, Posted by log1h_ik