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IMF urges El Salvador to ditch its push into bitcoin
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The 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 $1.3bn loan.
The fund said on 25 January 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.
The...
Read more on fnlondon.comAbout this in other media
El Salvador president predicts ‘gigantic price increase’ for Bitcoin cointelegraph.com /2 years ago
Is IMF ‘on the wrong side of history’ as it issues yet another warning to El Salvador ambcrypto.com /2 years ago
Around El Salvador in 45 days: A Bitcoin-only travel story cointelegraph.com /2 years ago
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