Tag: El Salvador

IMF urges El Salvador to drop Bitcoin as legal tender
IMF urges El Salvador to drop Bitcoin as legal tender

The International Monetary Fund has urged El Salvador to reverse its decision to make Bitcoin legal tender. El Salvador had in September 2021 became the first country to allow consumers to use the cryptocurrency in all transactions with the US dollar. The decision led to large-scale protests over fears it would bring instability and inflation to the…

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