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IMF recommends El Salvador not use Bitcoin as legal tender
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IMF) on Monday said El Salvador should not use bitcoin as legal tender, considering risks related to the cryptocurrency. «Given bitcoin's high price volatility, its use as a legal tender entails significant risks to consumer protection, financial integrity, and financial stability,» the IMF said in its staff concluding statement of the 2021 Article IV mission to El Salvador.
Read more on economictimes.indiatimes.comAbout this in other media
Bitcoin, Ethereum Rebound Sharply After Another Crash while El Salvador Misses 'the F***ing Bottom' cryptonews.com /3 years ago
El Salvador stacks 150 Bitcoin after BTC price crashes below $50k cointelegraph.com /3 years ago
The bigger picture: What does El Salvador’s Bitcoin city mean for the global crypto market? economictimes.indiatimes.com /3 years ago
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