Search

IMF urges El Salvador to abandon bitcoin

... 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 official way of payment. Due to the legality of cryptocurrency, the IMF refused 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 ...

Authorities of Laos allowed several companies to settle with cryptocurrency

... that several departments, including the Ministry of Finance and the National Bank, will take up the work on the document. The results of the activity are planned to be 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 of bitcoin. Protesters ...

74 countries are at risk of bankruptcy due to the pandemic

... 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 the budget. Bitcoins purchased for $71 million are currently worth about $60 million. Experts note that servicing loans is becoming more expensive. Whereas ...

Sorted by relevance | Sort by date