IMF Dislikes Competition: “Drop bitcoin as legal tender, IMF urges El Salvador”
January 26, 2022
“The International Monetary Fund is pushing El Salvador to ditch bitcoin as legal tender, according to a statement released on Tuesday. IMF directors “stressed that there are large risks associated with the use of bitcoin on financial stability, financial integrity, and consumer protection, as well as the associated fiscal contingent liabilities.”…”
https://www.cnbc.com/2022/01/25/drop-bitcoin-as-legal-tender-imf-urges-el-salvador.html
If countries don’t use or borrow from the IMF they will become obsolete. Cryptocurrency is a direct competitor to them in this case because countries are use it and the IMF has no control or say over it. Good job El Salvador. Do NOT drop bicoin. In fact you should find more alternatives for currencies and banking. Do your own thing. Create your own wealth. You don’t need middle men.