IMF warns El Salvador of the potential risks associated with adopting Bitcoin.

[Anubis]

IMF sees legal, economic issues with El Salvador's bitcoin move

The International Monetary Fund said on Thursday it has economic and legal concerns regarding the move by El Salvador to make bitcoin a parallel legal tender, further clouding the outlook for an IMF-backed program and widening spreads on the country's bonds.

www.reuters.com

"Adoption of bitcoin as legal tender raises a number of macroeconomic, financial and legal issues that require very careful analysis, said Gerry Rice, an IMF spokesman, during a scheduled press briefing. We are following developments closely, and we'll continue our consultations with the authorities. Foreign investors, concerned about the future of an IMF deal they see as key for the Central American country, have demanded increasingly higher premiums to hold Salvadoran debt."

Hopefully they'll withstand any pressure from the IMF. It will be interesting to see which countries will follow El salvador.

 

[digaagjecel]

It’s crazy bro they’re people who actually don’t believe in crypto. Now you have countries like El Salvador taking it as a legal tender. The imf just wants them to print a bunch of paper money then go into inflation.