Search

IMF urges El Salvador to abandon bitcoin

... to issue the country a large loan. The Council of the International Monetary Fund includes 190 countries. If El Salvador does not abandon bitcoin as an official payment instrument, it may lose the opportunity to receive a loan of $ 1.3 billion. The IMF believes that bitcoin threatens financial stability of the country. The status of bitcoin in El Salvador is the main obstacle to obtaining a loan from the IMF. The loan was requested by El Salvador in 2021, Bloomberg reports. To obtain it, the approval of the Board ...

Authorities of Laos allowed several companies to settle with cryptocurrency

... discussed in mid-September - 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 ...

Sorted by relevance | Sort by date