Relai Alex on Nostr: #IMF seems to be really scared of #Bitcoin IMF to bailout #Argentina only if the ...
#IMF seems to be really scared of #Bitcoin
IMF to bailout #Argentina only if the country adopts an anti-crypto stance
https://ambcrypto.com/imf-to-bailout-argentina-only-if-the-country-adopts-an-anti-crypto-stance/
Argentina is scheduled to receive a $45 billion bailout from the International Monetary Fund (IMF) but the assistance comes with a catch that the country must adopt an anti-cryptocurrency position.
This requirement underscores the IMF’s concerns about the possible adverse impact of cryptocurrency on financial stability and economic recovery efforts.
The bailout is intended to aid in the stabilization of Argentina’s faltering economy, which has been plagued by high inflation, budget deficits, and mounting debt.
The national government is expected to take steps to limit the use of cryptocurrencies and associated activities within the country as part of the agreement.
IMF to bailout #Argentina only if the country adopts an anti-crypto stance
https://ambcrypto.com/imf-to-bailout-argentina-only-if-the-country-adopts-an-anti-crypto-stance/
Argentina is scheduled to receive a $45 billion bailout from the International Monetary Fund (IMF) but the assistance comes with a catch that the country must adopt an anti-cryptocurrency position.
This requirement underscores the IMF’s concerns about the possible adverse impact of cryptocurrency on financial stability and economic recovery efforts.
The bailout is intended to aid in the stabilization of Argentina’s faltering economy, which has been plagued by high inflation, budget deficits, and mounting debt.
The national government is expected to take steps to limit the use of cryptocurrencies and associated activities within the country as part of the agreement.