The president of the Tenerife Island Council finds Bitcoin to be a "opaque" currency that cannot be reported in tax returns. The investment was ordered to be demolished by Pedro Martn of the Socialist Workers' Party. According to reports, the liquidation could net nearly one million euros ($1.17 million), or roughly 20 bitcoins. Local gaming entrepreneur Isidro Quintana, a local gaming entrepreneur, slammed the government's decision on Twitter.