El Salvador rejects IMF suggesation of dropping BTC as a legal tender
International Monetary Fund showed concern of El Salvador adoption of BTC as a legal tender. IMF urged El Salvador government to drop BTC as a legal tender. IMF showed concern due to volatile nature of currency and investment is risky and create financial un stability.
El Salvador government rejected IMF suggesation. According to government El Salvador is a soverign state and free to take country decision. El Salvador government is promoting BTC by planning to open 1500 BTC ATM. Moreover, BTC city is on card.
It is too early to predict the outcome of El Salvador adoption of BTC as a legal tender but successful story will make other country to adopt BTC as a legal tender. Moreover it will make crypto currency around the globe. What is your opinion my friends?
This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.
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I think, the decision taken by El Salvador government is favourable to BTC to adopt by various countries, in this way, BTC will promote. Thanks for sharing this news.