IMF: Bitcoin Decision As a Payment Tool Triggers Problems

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Bitcoin Decision As a Payment Tool
picture | BenjaminNelan pixabay.com

Bitcoin Decision As a Payment Tool

Gealena, WASHINGTON – Bitcoin Decision As a Payment Tool. The decision to accept Bitcoin, one of the most popular cryptocurrencies, as a legal tender raises macroeconomic, financial, and legal issues that require careful analysis. This was said by a spokesman for the International Monetary Fund (IMF).

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Bitcoin Decision As a Payment Tool
picture | anncapictures pixabay.com

“We are following developments closely and will continue our consultations with the authorities,” said Gerry Rice in Washington, D.C.

“Crypto-assets can pose significant risks and effective regulatory measures are essential when dealing with them.”

Rice said the IMF team was holding virtual meetings with El Salvadoran authorities to review the regulations that had been made, prioritizing potential credit programs, “including policies to strengthen economic governance.” He added that the team would meet El Salvador’s President Nayib Bukele on Thursday evening.

El Salvador on Wednesday approved that Bitcoin can be used as legal tender. El Salvador became the first country to officially recognize and accept digital currency as legal tender in the country.

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