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IMF urges El Salvador's President to drop Bitcoin as legal tender in US$1.3 billion loan negotiations

Started by Redaktion, January 26, 2022, 13:43:40

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Redaktion

January 26, 2022, 13:43:40
The International Monetary Fund has advised that El Salvador's government renege on its decision to make Bitcoin a legal tender in the country, citing "large risks associated with the use of Bitcoin on financial stability..." The success of a US$1.3 billion loan negotiation with El Salvador may hinge on following the IMF's advice.

https://www.notebookcheck.net/IMF-urges-El-Salvador-s-President-to-drop-Bitcoin-as-legal-tender-in-US-1-3-billion-loan-negotiations.595609.0.html
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