IMF sees legal, economic issues with El Salvador bitcoin move – Reuters
- Date: 10-Jun-2021
- Source: Reuters
- Sector:Economy
- Country:Middle East
IMF sees legal, economic issues with El Salvador bitcoin move – Reuters
FILE PHOTO: The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo
NEW YORK (Reuters) - The International Monetary Fund said on Thursday it has a number of economic and legal concerns regarding the move from El Salvador to make bitcoin a parallel legal tender.
El Salvador has become the first country in the world to adopt bitcoin as legal tender, with President Nayib Bukele touting its use for its potential to help Salvadorans living abroad to send remittances back home.
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