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19/09/2024
Thursday
THIS DAY IN HISTORY:
19 September 
1970 Scott Fahlman proposed using emoticons as a way to express emotions on the Internet.
1970 The Council of People's Commissars of the RSFSR banned the export of art and historical monuments abroad.
1970 The first beauty contest was held in Belgium.
19 September
1970 Scott Fahlman proposed using emoticons as a way to express emotions on the Internet.
1970 The Council of People's Commissars of the RSFSR banned the export of art and historical monuments abroad.
1970 The first beauty contest was held in Belgium.
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
