Quote from: Halime Anatolia on Today at 06:13:01 AM

Quote from: Odusko on June 23, 2023, 06:12:09 PM

Quote from: Halime Anatolia on June 23, 2023, 02:14:15 PM

And today's statement from the International Monetary Fund will also have a real impact on the development of the crypto space especially BTC that banning cryptocurrencies may not be effective in the long run and can hurt a country's economic development and innovation. Source: https://cointelegraph.com/app/public/index.php/news/imf-banning-crypto-not-effective-in-long-run/amp.

Reading through the news shared and the advice of the international monetary Fund IMF it suggests for development of CBDC so that the government can have more access to regulate and controls the Digital Assets of its citizens the only positive thing from their statement is countries improve their payment systems.
IMF is being too political in their approach to cryptocurrency because it did not mention El Salvador or Central African republics in its statement even though both countries are the first to fully adopt cryptocurrency, so the IMF did not make an appropriate cryptocurrency adoption statement rather the IMF tried to promote the development of CBDC.

The statement that has been submitted by the International Monetary Fund IMF no longer mentions countries that have become pioneers in terms of adoption, but countries that are still hesitant to embrace this new financial technology are afraid of being penalized. So naturally. This is good news for a country that has ideals in that direction. Just look at the market response now BTC Up and yesterday BTC touched $ 31,431. If there is a small correction after that, it's normal to jump even higher. Just look at early January 2024. BTC Fly to The Moon.

Why should some countries be afraid of government sanction on bitcoin as an investment or asset to hodl, what have they done to El-Savador that first adopt bitcoin as a legal tender, bitcoin has to be understood in the same perspective as the same money used for making payments because it's a legal and acceptable means, they cannot assume it to be an illicit currency just because they hodl or it's been volatile.