The International Monetary Fund (IMF) has demanded that El Salvador stop using bitcoin as legal currency, as it may cause financial impotence.
In a statement by the IMF on January 25, El Salvador’s economic distress caused by the pandemic recovering quickly told. However, due to their use of Bitcoin warn of risks found and tightly regulated and auditing said it should.
The report, published after the bilateral talks, called for the removal of Bitcoin’s use as a legal currency and narrowing the scope of Bitcoin law.
President of El Salvador, Nayib Bukele, on Twitter. in sharing: He mockingly portrayed the IMF as The Simpsons’ iconic character, Homer Simpson, walking on his hands and “I see you, IMF. This is very nice” said.
After the price action on Sunday, the price of Bitcoin fell to about $ 32,800, and the known bitcoins of El Salvador had lost almost $ 20 million.
IMF also in November Not to use Bitcoin as legal currency to El Salvador had stated.