El Salvador rejects the IMF's request to give Bitcoin as a legal means of payment - regulation
El Salvador rejects the IMF's request to give Bitcoin as a legal means of payment - regulation
El Salvador has rejected the recommendation of the International Monetary Fund (IMF) to abolish Bitcoin as a legal means of payment. The country's finance minister is said to have said "angry": "No international organization will force us to do anything."
The government of El Salvador has rejected a recommendation from the International Monetary Fund (IMF) to abolish Bitcoin as a legal means of payment in the country. The IWF asked El Salvador last week to Case Use of Bitcoin as a legal means of payment and dissolve fidebitcoin, the 150 million dollar true-to-hand fund that was created for the Bitcoin Act. The finance minister of El Salvador, Alejandro Zelaya, told a local television station that Bitcoin was a question of "sovereignty". According to media reports, he said "angry": No international organization will force us to do anything. "Countries are sovereign nations and they make confident decisions about public order," added the finance minister. According to his analysis, "the actual costs of the implementation of Chivo and the operationalization of the Bitcoin law exceed the potential benefits," said the IMF specified in his most recent report about el Salvador. The international monetary fund also recommended that the government of El Salvador raise fees for the use of its digital wallet Chivo. In addition, the IMF wants the Salvadorian government to stop giving away $ 30 in Bitcoin to everyone who registers for the use of the chivo letter pocket. According to the latest report by the IMF on El Salvador, the government saw no need to restrict the scope of its Bitcoin law, but agreed that the regulation could be reinforced. el Salvador introduced Bitcoin as a national currency with status as a legal means of payment in addition to the US dollar. Since then the country has bought 1.801 Bitcoin for its treasury. At the beginning of January, El Salvador 20 Preparation For the legal structure of his Bitcoin bonds, from which President Nayib Bukele expects you to be oversubscribed. He also expects adopt Bitcoin as a legal means of payment this year. In addition, he "A gigantic price increase" Bitcoin. What do you think that El Salvador rejects the IMF's recommendation to abolish Bitcoin as a legal means of payment? Let us know in the comment area below. Bedy verification : Shutterstock, Pixabay, WikiCommons El Salvador says no to the IMF to Bitcoin
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