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IMF urges El Salvador to abandon bitcoin

The International Monetary Fund called on the authorities of El Salvador to abandon bitcoin as an official way of payment. Due to the legality of cryptocurrency, the IMF refused to issue the country a large loan. The International Monetary Fund called on the authorities of El Salvador to abandon bitcoin as an ...

El Salvador, bitcoin, Bitcoin City, Nayib Bukele

The day before, the President of El Salvador Nayib Bukele announced his intention to create a ‘Bitcoin City’, as well as to issue the world's first souvenir bitcoin bonds. It is assumed that the city will be built close to the Konchagua volcano, which should become the source of geothermal ...

74 countries are at risk of bankruptcy due to the pandemic

... were not available. The Sri Lankan authorities have declared a state of emergency, giving the military the opportunity to control the sale of rice and sugar at special prices. But this did not solve the problems of poor citizens. Ghana, Tunisia and El Salvador are also at risk of default. According to the Banksta telegram channel, the experience of cryptocurrency trading conducted by the President of El Salvador was unsuccessful. It is assumed that this could have caused $11 million in damage to ...

Authorities of Laos allowed several companies to settle with cryptocurrency

... - then the question of the further fate of the use of cryptocurrency in the republic will be decided. At the same time, Laos was not the first country to adopt new forms of settlement. In early September, the official use of bitcoin was announced in El Salvador. The authorities believe that such a measure will give the national economy a powerful impetus for development. However, this optimism was not shared by the residents of the country, who actively opposed the introduction of bitcoin. Protesters ...

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