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IMF directors urge El Salvador to remove Bitcoin as legal tender

IMF directors urge El Salvador to remove Bitcoin as legal tender



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  1. tldr; The International Monetary Fund has urged El Salvador to remove Bitcoin’s status as legal tender in the country. IMF executive directors “stressed that there are large risks associated with the use of Bitcoin on financial stability, financial integrity, and consumer protection,” the organization said. El Salvador made Bitcoin legal tender alongside the U.S. dollar in September.

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

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