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21 June 2021

IMF Voices Concerns Over El Salvador Making Bitcoin Legal Tender – Regulation Bitcoin News

IMF Voices Concerns Over El Salvador Making Bitcoin Legal Tender – Regulation Bitcoin News


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The International Monetary Fund (IMF) has warned of “a number of macroeconomic, financial and legal issues” surrounding El Salvador making bitcoin legal tender.

The International Monetary Fund (IMF) raised a number of economic and legal concerns Thursday regarding El Salvador making bitcoin a legal tender, with equal footing with the U.S.

With the recent approval of the “Bitcoin Law” proposed by President Nayib Bukele, El Salvador has become the first country in the world to adopt bitcoin as legal tender.

Adoption of bitcoin as legal tender raises a number of macroeconomic, financial and legal issues that require very careful analysis so we are following developments closely and will continue our consultation with authorities.

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