IMF warns El Salvador from using Bitcoin as official currency
Shortpedia
Content Team
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The International Monetary Fund (IMF) has warned El Salvador to no longer use Bitcoin as a legal tender, citing large risks for financial and market integrity, financial stability, and consumer protection. El Salvador in September last year became the first country in the world to adopt bitcoin as an official currency. The central American nation announced that it plans to buy "a lot more" bitcoins soon.
