Bitcoin (BTC), the world’s largest cryptocurrency, is getting adopted as a legal tender in El Salvador in eight days but as the Central American country goes through its final days of preparation, being eagerly observed by other countries, some of which are considering to follow in its footsteps, the International Monetary Fund (IMF) refreshes its warning on Twitter.
Along with the World Bank, the intergovernmental financial body has been expressing its disapproval of El Salvador’s crypto legislation since the get-go, raising alarms about economic and legal risks threatening the country if Bitcoin becomes an official legal tender.
A step too far
“Privately issued crypto-assets like Bitcoin come with substantial risks. Making them equivalent to a national currency is an inadvisable shortcut,” read the IMF’s latest warning posted on Twitter, with a link to last month’s blog.
Privately issued cryptoassets like Bitcoin come with substantial risks. Making them equivalen
Źródło: https://cryptoslate.com/imf-releases-bitcoin-btc-risk-warning-again/
