The IMF said: 'The adoption of bitcoin as legal tender in C.A.R. raises major legal, transparency, and economic policy challenges.' bitcoinadoption bitcoinlaw imf
The International Money Fund has added its voice to institutions and parties criticizing the Central African Republic ’s decision to adopt bitcoin. The IMF insists the adoption poses legal economic challenges not only to the country but to the region as well.The IMF has reportedly said the CAR’s recent decision to adopt bitcoin poses a number of challenges for the country and the region.
As has been reported by Bitcoin.com News, the IMF was and is still critical of a similar decision that was made by El Salvador in 2021. Following the initial announcement, the global lender warned the adoption of bitcoin would pose several macroeconomic, financial, and legal issues. In January 2022, the IMF urged El Salvador to
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
After El Salvador, IMF Now Concerned of Bitcoin's Adoption in the Central African RepublicThe IMF said CAR putting Bitcoin as its official currency may raise a series of challenges, including financial instability and financial legal uncertainties.
Read more »
After El Salvador, IMF Now Concerned of Bitcoin's Adoption in the Central African RepublicThe IMF said CAR putting Bitcoin as its official currency may raise a series of challenges, including financial instability and financial legal uncertainties.
Read more »
Bloomberg Intelligence Report: Bitcoin Is Becoming A Risk-Off Asset As Inflation RisesIn Bloomberg Intelligence’s latest report, bitcoin is separating itself from risk assets with increasing HODL behavior and historical patterns suggest a mild down-turn.
Read more »
Fed Announces 0.5% Rate Hike to Fight Inflation, Highest in 22 YearsThe central bank has doubled down on its expectation to combat inflation, yet both Bitcoin and stocks reacted positively to the news.
Read more »
Algorand Creator Predicts What Will Happen to Industry in 10 YearsComputer scientist Silvio Micali says that his brainchild is currently coexisting with Neanderthals such as Bitcoin
Read more »
El Salvador's Bitcoin Volcano Bonds Launch Still on Hold, According to Treasury Minister – Bitcoin NewsThe government is reconsidering the launch date of its Salvadoran Bitcoin bonds, whose funds were to be used to finance the construction of the Bitcoin City.
Read more »