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#BREAKING IMF urges El Salvador to remove Bitcoin as legal tender
Source --> https://twitter.com/AFP/status/1486051087736094729?s=20I don't want to be pessimistic but still El Salvador wasn't ready to adopt Bitcoin, now with the price dropping and the pressure mounting, do you think El Salvador is ready to continue to adopt Bitcoin as legal tender?
Let's see how the price will also react to more negative news.
UPDATE: El Salvador Rejects IMF Call to Abandon Bitcoin as Legal Tender
El Salvador has rejected the recommendation by the International Monetary Fund (IMF) to drop bitcoin as legal tender. The country’s finance minister reportedly “angrily” said, “No international organization is going to make us do anything, anything at all.”
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According to its analysis, “In the near-term the actual costs of implementing Chivo and operationalizing the Bitcoin law exceed potential benefits,” the IMF stated in its recent report on El Salvador.
The International Monetary Fund also recommended that El Salvador’s government start charging fees for the use of its digital wallet, Chivo. In addition, the IMF wants the Salvadoran government to stop giving away $30 in bitcoin to anyone signing up to use the Chivo wallet.
The International Monetary Fund also recommended that El Salvador’s government start charging fees for the use of its digital wallet, Chivo. In addition, the IMF wants the Salvadoran government to stop giving away $30 in bitcoin to anyone signing up to use the Chivo wallet.
Source and more ---> https://news.bitcoin.com/el-salvador-rejects-imf-call-to-abandon-bitcoin-as-legal-tender/
So, the government's position was strongly rejecting, with the IMF warning to interfere in the internal financial affairs of the state, to see how opinions will be in the future, especially since the government's position is very bold with regard to Bitcoin.