Summary of IMF pressures El Salvador to overhaul Bitcoin regulations
Summary of IMF pressures El Salvador to overhaul Bitcoin regulations
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The source article:
The IMF has been critical of El Salvador's decision to make Bitcoin a legal tender and has called for the country to scale back its Bitcoin policies and strengthen its regulatory framework. The IMF has also been promoting central bank digital currencies (CBDCs) globally.
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The source article:
quoting nevent1q…ha6qIMF pressures El Salvador to overhaul Bitcoin regulations
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According to the International Monetary Fund, El Salvador has a 3% annual GDP growth rate and roughly $144 million in outstanding loans.
https://cointelegraph.com/news/imf-pressures-el-salvador-overhaul-bitcoin-regulations
The IMF has been critical of El Salvador's decision to make Bitcoin a legal tender and has called for the country to scale back its Bitcoin policies and strengthen its regulatory framework. The IMF has also been promoting central bank digital currencies (CBDCs) globally.