IMF urges El Salvador to remove Bitcoin as legal tenderSo, International Monetary fund demands that El Salvador remove bitcoin as legal tender, otherwise it refuses to give loans to the country.
They are doing so to protect the people, as bitcoin will "bring instability and
inflation"
How come a deflationary currency will increase the inflation ? WTF!
they continue, saying that IMF wants to protect the consumers:
They highlighted the "large risks associated with the use of Bitcoin on financial stability, financial integrity and consumer protection" and with issuing Bitcoin-backed bonds.
We don't know what is good for us, but they know it.
IMF doesn't mean to protect consumers, they just protect their control over people....i really salute the hard mentality that President El Salvador has, fighting the IMF is quite a tough job, their threat is indeed very big but Nayib's trust in Bitcoin is really not in doubt. "long live" president el salvador, hope your country can be strong and continue to survive making Bitcoin a legal tender there.