CoinDesk: IMF: Bitcoin Should Not Be Legal Tender in El Salvador
The International Monetary Fund (IMF) stated bitcoin should not be used as legal tender in El Salvador, saying its plans to acquire more BTC will require a “very careful analysis” of implications for its financial stability. It also questioned President Nayib Bukele's announcement of a $1 billion bitcoin-backed bond. "The Hash" panel discusses the IMF's latest warning against a nation exploring with crypto and its possible impact on El Salvador's bitcoin adoption.
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