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18/12/2024
Wednesday
THIS DAY IN HISTORY:
18 December 
1970 France, on behalf of 25 EU countries, called for the decriminalization of same-sex relations.
1970 France, on behalf of 25 EU countries, called for the decriminalization of same-sex relations.
1970 The slavery was abolished in the United States.
1970 the slavery in the United States was abolished.
1970 The anthem of the Russian Empire “God Save the Tsar!” was performed for the first time.
18 December
1970 France, on behalf of 25 EU countries, called for the decriminalization of same-sex relations.
1970 France, on behalf of 25 EU countries, called for the decriminalization of same-sex relations.
1970 The slavery was abolished in the United States.
1970 the slavery in the United States was abolished.
1970 The anthem of the Russian Empire “God Save the Tsar!” was performed for the first time.
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 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 a loan of $ 1.3 billion. The IMF believes that bitcoin threatens financial stability of the country.
We should remind our readers that El Salvador recognized bitcoin as an official means of payment in June 2021. In addition to cryptocurrency, the American dollar has a similar status in the country. The initiator of the idea was the President of El Salvador, 40-year-old Nayib Bukele - he is sure that bitcoin will help the country attract investment and improve the standard of living of the local population.
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 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 of Directors of the IMF is required, however, the board suggests issuing a loan only on the condition of abandoning bitcoin. The fund fears risks as the country may issue bonds backed by volatile cryptocurrencies.We should remind our readers that El Salvador recognized bitcoin as an official means of payment in June 2021. In addition to cryptocurrency, the American dollar has a similar status in the country. The initiator of the idea was the President of El Salvador, 40-year-old Nayib Bukele - he is sure that bitcoin will help the country attract investment and improve the standard of living of the local population.
El Salvador became the only country in the world that provided the official status for cryptocurrency.
The country purchased about 1,800 bitcoins at a rate of $50,000. After that, the rate rose to 68 thousand dollars, but now it has fallen to 36.5 thousand dollars. According to the publication, El Salvador could have lost about $ 20 million. In addition, the country is actively mining bitcoins on the volcano - using environmentally friendly cheap energy from a renewable source. It is assumed that this method can change the idea of the dangers of mining for the environment. 27.01.2022
