The International Monetary Fund is pushing El Salvador to backtrack on a reform that made Bitcoin legal tender last year. In a new report IMF directors "stressed that there are large risks associated with the use of bitcoin on financial stability, financial integrity, and consumer protection, as well as the associated fiscal contingent liabilities." Some IMF directors have also expressed concern over the risks associated with issuing bitcoin-backed bonds, referring to the president’s plan to issue a $1 billion, 10-year "Bitcoin Bond" this year. (
IMF pushes ES to back off Bitcoin (Jan. 26, 2022)
IMF pushes ES to back off Bitcoin (Jan. 26…
IMF pushes ES to back off Bitcoin (Jan. 26, 2022)
The International Monetary Fund is pushing El Salvador to backtrack on a reform that made Bitcoin legal tender last year. In a new report IMF directors "stressed that there are large risks associated with the use of bitcoin on financial stability, financial integrity, and consumer protection, as well as the associated fiscal contingent liabilities." Some IMF directors have also expressed concern over the risks associated with issuing bitcoin-backed bonds, referring to the president’s plan to issue a $1 billion, 10-year "Bitcoin Bond" this year. (