Published 1 year ago

El Salvador’s ‘limited’ use of Bitcoin prevents forecasted risks, says IMF

Summary by Ground News

El Salvador was warned to re-evaluate its plan to increase government exposure to Bitcoin due to both legal and financial dangers. El Salvador was also recommended to rethink its decision to issue tokenized bonds due to its risk to financial integrity and consumer protection. The El Salvadoran government said that these bonds will be used to pay down sovereign debt and fund the construction of its proposed Bitcoin City.

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NY Daily News

IMF needles El Salvador over Bitcoin risks, lack of transparency

After the Central American nation adopted Bitcoin as legal currency in 2021, the International Monetary Fund cut El Salvador off from potential funds.

1 year ago·New York, United States

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Cointelegraph

El Salvador’s ‘limited’ use of Bitcoin prevents forecasted risks, says IMF

The IMF issued a statement on Feb. 10 stating that Bitcoin’s risks in El Salvador have “not materialized” yet due to its limited use.

1 year ago

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Bitcoin.com

IMF Report on El Salvador's Bitcoin Adoption: Risks Averted, but Transparency Needed – Bitcoin News

In a concluding mission statement, the IMF states that the risks have not materialized due to the limited use of bitcoin in El Salvador.

1 year ago

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DropTown

Risks Averted, but Transparency Needed – Bitcoin News

Risks Averted, but Transparency Needed – Bitcoin News According to a recent mission statement published by the International Monetary Fund (IMF), El Salvador has adopted bitcoin as legal tender and has avoided risks so far. The IMF states that the risks have not materialized due to the limited use of bitcoin. However, the United Nations […]

1 year ago

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