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23 June 2021

IMF plans to meet with El Salvador’s president, potentially discussing move to adopt Bitcoin

IMF plans to meet with El Salvador’s president, potentially discussing move to adopt Bitcoin


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The International Monetary Fund has said El Salvador’s recent decision to make Bitcoin legal tender in the country may raise legal and financial concerns.

“Adoption of Bitcoin as legal tender raises a number of macroeconomic, financial and legal issues that require very careful analysis,” said Rice.

President Bukele first announced he would propose a bill making Bitcoin (BTC) legal tender in El Salvador at a pre-recorded video message at the Bitcoin 2021 conference this weekend.

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cointelegraph.com
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