International Monetary Fund issues implicit warning against El Salvador’s Bitcoin law

The International Monetary Fund warned that some of the consequences of a country using it as its own currency “may be terrible.”

According to Tobias Adrian, financial advisor and head of the IMF Marketing Department, and Rhoda Weeks-Brown, general counsel and head of the Legal Department, cryptocurrencies like Bitcoin (Bitcoin) May be popular in countries where inflation and exchange rates are unstable, and provide a means of payment for those who do not have a bank account. However, the economic cost can be huge.