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IMF Urges El Salvador to Ditch Bitcoin’s Legal Tender Status
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wsj.comThe International Monetary Fund urged El Salvador to strip bitcoin of its status as legal tender because of its large risks to financial stability, the latest twist in protracted talks between the fund and the highly indebted Central American country to secure a $1.3 billion loan.
The fund said on Tuesday that El Salvador’s recent adoption of bitcoin as a national currency also creates risks for financial integrity, consumer protection and fiscal liabilities in a tiny economy with limited government resources.
Read more on wsj.comAbout this in other media
Does the IMF have a hidden script for El Salvador’s Bitcoin play? cointelegraph.com /2 years ago
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El Salvador Turns to the US-based AlphaPoint in Bid to Bolster its Chivo Bitcoin App cryptonews.com /2 years ago
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