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IMF Urges El Salvador To Eliminate Bitcoin As Legal Tender

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IMF has actually urged El Salvador to get rid of Bitcoin as legal tenderThe International Monetary Fund (IMF) on Tuesday contacted El Salvador to alter course and stop using Bitcoin as legal tender, mentioning big dangers postured by the cryptocurrency.The bank advised the authorities to narrow the scope of the Bitcoin law by eliminating Bitcoin's legal tender status, according to a declaration from the International Monetary Fund.

El Salvador in September became the very first country on the planet to welcome the digital cash, making it legal to utilize in all transactions, along with the US dollar.




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