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IMF to El Salvador: u can't use bitcoin as legal tender, please stawwwp.
| Dun floppy cuck | 01/25/22 |
| Trip trailer park trust fund | 01/25/22 |
| Dun floppy cuck | 01/25/22 |
| Dun floppy cuck | 01/25/22 |
Poast new message in this thread
Date: January 25th, 2022 2:33 PM Author: Dun floppy cuck The Spectator Index @spectatorindex JUST IN: IMF calls on El Salvador to stop using Bitcoin as legal tender. .
https://twitter.com/spectatorindex/status/1486057763415470084 u needs to borrow dollars from us and enact austerity measures to pay it back!
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Date: January 25th, 2022 2:36 PM Author: Trip trailer park trust fund link no work (http://www.autoadmit.com/thread.php?thread_id=5016549&forum_id=2#43845197) |
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Date: January 25th, 2022 2:38 PM Author: Dun floppy cuck fixt (http://www.autoadmit.com/thread.php?thread_id=5016549&forum_id=2#43845208) |
Date: January 25th, 2022 3:18 PM Author: Dun floppy cuck Ditch Bitcoin: IMF Urges El Salvador Rethink on Crypto Risks with using cryptocurrency are large, IMF directors said Board members also see risks in Bitcoin-backed bond issuance ByEric Martin January 25, 2022, 1:30 PM CST
The International Monetary Fund’s board urged El Salvador to strip Bitcoin of its status as legal currency due to its large risks, highlighting a major obstacle for the nation’s efforts to get a loan from the institution.
El Salvador last year sought a $1.3 billion IMF loan, but talks have been stymied by the lender’s Bitcoin concerns, and any program would need to be approved by the board.
IMF executive directors, who represent the fund’s 190 member nations, highlighted Bitcoin’s risks to “financial stability, financial integrity, and consumer protection” and fiscal contingent liabilities, the fund said in a statement Tuesday. They urged the authorities “to narrow the scope of the Bitcoin law by removing Bitcoin’s legal tender status.”
Some directors also expressed concern over the risks associated with issuing Bitcoin-backed bonds, the fund said. The comments came in the board’s discussion of the Central American nation’s annual Article IV economic evaluation.
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