Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 24/05/2022 18:03 
25.01.2022 23:27 News >> IMF Calls On El Salvador To Halt Use Of Bitcoin As Legal Tender

IMF Calls On El Salvador To Halt Use Of Bitcoin As Legal Tender

Executive board stresses 'large risks' associated with Bitcoin use, including to financial stability, financial liabilities.

The International Monetary Fund (IMF) "urged" the government of El Salvador to halt the use of Bitcoin as legal tender, citing what it said are "large risks" for that nation's economy.
The fund's executive board emphasized during consultations with El Salvador that "there are large risks associated with the use of Bitcoin on financial stability, financial integrity, and consumer protection, as well as the associated fiscal contingent liabilities."
"They urged the authorities to narrow the scope of the Bitcoin law by removing Bitcoin's legal tender status. Some Directors also expressed concern over the risks associated with issuing Bitcoin-backed bonds," it added.
It seems unlikely, however, that the advice will be followed. El Salvador adopted the cryptocurrency as an official form of payment in September and President Nayib Bukele, a major crypto supporter, announced Friday that the country bought an additional 410 Bitcoins, which was worth about $15 million at the time.
Bitcoin currently sits above $37,000 following a tumultuous week for cryptocurrencies.
It fell to its lowest point since July on Monday, dipping below $33,000 before recovering. -



        Latest News
World Will Have A Lot Of 'Very Influential Countries' In Next Decades: German Chancellor -36 minutes ago...
In interview with DW, Olaf Scholz stresses importance of promoting deeper ties with all democratic states.
Top US, Ukrainian Diplomats Discuss War, Food Security Crisis On Phone -36 minutes ago...
'They discussed potential means to export Ukraine’s grain to international markets,' says State Dept. spokesman.
US Stocks Open Down Amid Recession Concerns -36 minutes ago...
VIX volatility index soars 6.11% to 30.2.
Detroit Pistons, Chicago Bulls To Play Regular-Season Game In Paris In 2023 -36 minutes ago...
Match to take place at Accor Arena in French capital on Jan. 19, 2023.
Relations Between Uganda, Rwanda Moving In Right Direction: Minister -36 minutes ago...
Presidents of 2 countries attend dinner viewed as veiled launch of political project that would see Uganda's Museveni hand over power to his son.

 
      Top News
US Stocks Open Down Amid Recession Concerns US Stocks Open Down Amid Recession Concerns
Samsung To Invest $360B On Chips, Biotech Over Next 5 Years Samsung To Invest $360B On Chips, Biotech Over Next 5 Years
Anadolu Agency's Morning Briefing - May 24, 2022 Anadolu Agency's Morning Briefing - May 24, 2022
Europeans Outraged By Israeli Visit Ban To Palestine Europeans Outraged By Israeli Visit Ban To Palestine
Turkish President Receives Students From Serbia's Novi Pazar Turkish Cultural Center Turkish President Receives Students From Serbia's Novi Pazar Turkish Cultural Center
Turkish Foreign Minister To Hold Talks With Senior Officials In Palestine, Israel Turkish Foreign Minister To Hold Talks With Senior Officials In Palestine, Israel
Turkiye 'Neutralizes' 4 More YPG/PKK Terrorists In Northern Syria Turkiye 'Neutralizes' 4 More YPG/PKK Terrorists In Northern Syria
Turkiye Wants To See Concrete Steps About Its Security: President Erdogan Turkiye Wants To See Concrete Steps About Its Security: President Erdogan
Pakistan's Ex-Premier Khan Announces March To Islamabad On May 25 Pakistan's Ex-Premier Khan Announces March To Islamabad On May 25
Turkish Cuisine Week Events Kick Off In Kuala Lumpur Turkish Cuisine Week Events Kick Off In Kuala Lumpur