After adopting bitcoin as national currency, El Salvador plans to issue bonds backed by bitcoin as negotiations with the IMF stall
The International Monetary Fund urged El Salvador to strip bitcoin of its status as legal tender because of its large risks to financial stability, the latest twist in protracted talks between the fund and the highly
indebted Central American country to secure a $1.3 billion loan.as a national currency also creates risks for financial integrity, consumer protection and fiscal liabilities in a tiny economy with limited government resources.
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El Salvador Is Now Over 31% Down on Its Bitcoin Bet
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El Salvador president posts meme wearing McDonald’s uniform after crypto plungeEl Salvador’s crypto-enthusiast president appears to be taking the recent steep drop in bitcoin in stride: After all, if running a country doesn’t work out, there’s always McDonal…
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