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IMF Urges El Salvador to Remove Top Crypto as Legal Tender | Regulations for E-Wallet Also Asked

3 monthes ago   |   By Tech Times

The IMF is urging El Salvador to drop Bitcoin as its legal tender now that the currency is almost half its all time high value. Learn more.
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Nix Bitcoin as legal tender, IMF reportedly tells El Salvador - CNET

Nix Bitcoin as legal tender, IMF reportedly tells El Salvador - CNET

3 monthes ago   |   By CNET

The nation adopted bitcoin as legal tender in June 2021. The International Monetary Fund is reportedly urging a rethink.
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The International Monetary Fund tells El Salvador it shouldn't use Bitcoin as legal tender

The International Monetary Fund tells El Salvador it shouldn't use Bitcoin as legal tender

3 monthes ago   |   By The Verge

El Salvador introduced Bitcoin as a legal tender alongside the US dollar in 2021. | Illustration by Alex Castro / The Verge
The International Monetary Fund's executive board has recommended El Salvador no longer use Bitcoin as a legal tender , citing potential risks to financial stability and consumer protection. The country's use of Bitcoin could make it difficult for it to get a loan from the IMF, according to Bloomberg .
The recommendation comes as part of the organization's consultation, where staff members visit a country and prepare a report that's discussed by the IMF's executive...
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