in

Bitcoin Should Not Be Legal Tender in El Salvador: IMF

Bitcoin Should Not Be Legal Tender in El Salvador: IMF



View Reddit by dunkin1980View Source

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

43 Comments

  1. “According to the IMF, El Salvador’s public debt could escalate beyond 95% of its GDP by 2026 if the country does not implement “strong policy measures” to correct fiscal imbalance and ease constraints on growth.”

    Somebody better tell the IMF that the US has a 125% debt to GDP ratio.

  2. tldr; The International Monetary Fund (IMF) has said bitcoin should not be used as legal tender in El Salvador and urged the Central American country to strengthen the regulation and supervision of its newly established payment ecosystem. The IMF recommended that El Salvador narrow the scope of its Bitcoin Law and mentioned “significant risks” that bitcoin has for consumer protection, financial integrity and financial stability.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  3. > the IMF recommended that El Salvador narrow the scope of its Bitcoin Law and mentioned “significant risks” that bitcoin has for consumer protection, **financial integrity** and financial stability.

    Don’t use this decentralized uncorrupted system, use our centralized corrupted system instead!

  4. IMF , Word Bank, United Nations , WHO
    All corrupt centralised organisations created and run for the benefit of the ruling oligarchs in mostly the West.
    Archaic organisations that have now gone well past their sell by date.
    Even most blinkered people recognises them for their failures.

What do you think?

Source; pixabay

Bitcoin Adoption: Singapore Approves Physically Backed BTC Funds | CryptoGazette

Fast Private Jet cryptocurrency


Fast Private Jet: 33% of sales in cryptocurrencies