IMF urges El Salvador to abolish Bitcoin as legal tender
The IMF called on El Salvador to change course and stop using it Bitcoin as a legal tender, citing the "great risks" of cryptocurrency.
The bank "called on the authorities to reduce the scope of the Bitcoin law by removing Bitcoin's status as a legal tender," the International Monetary Fund said in a statement.
In September, El Salvador became the first country in the world to adopt digital money, making it legal to use in all transactions, including the US dollar.
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