Post
Topic
Board Bitcoin Discussion
Re: IMF urges El Salvador to remove Bitcoin as legal tender
by
mia_houston
on 26/01/2022, 09:19:46 UTC
as we know that the IMF is one of the most influential banks in the world if indeed the opposition made by the IMF against the abolition of bitcoin then this will be a disaster for the survival of bitcoin in the future as we know if the IMF affects the supreme leader of El Salvador then everything bad will happen to bitcoin especially considering that El Salvador became the first country to legalize bitcoin circulation in the country, we really hope that the supreme leader of elsavador will uphold his stance to continue to provide space for bitcoin to continue circulating in the country

I don't know what the purpose of the IMF is to remove bitcoin from el Salvador, but I think they have a goal for el salvador to continue to depend on the usd currency and also to the IMF, I think after el salvador commits to continue the legal tender status of bitcoin it looks like the IMF seems very fear if salvador can be successful with what they have been doing, and actually that made the IMF even more heated when Bukele planned to issue $1 billion Bitcoin-backed bonds.
As a world bank the IMF should have understood the alternatives that salvador took to improve their financial condition , currently the IMF only plays a role as a world bank that provides loans to Salvador and if later the adoption of bitcoin by Salvador is successful and is able to pay off their loans to the IMF, isn't that not a problem at all?