Although the IMF’s technical analysis did not include the bond announcement, the financial institution said El Salvador’s plans to buy more bitcoin following the bond issuance, along with increasing its bitcoin exposure, “will require a very careful analysis of implications for, and potential risks to, financial stability.” Source link … [Read more...] about Bitcoin Should Not Be Legal Tender in El Salvador: IMF
tender
Zimbabwe considers “unstoppable” crypto as legal tender
Local media reports that the Zimbabwe government is considering crypto as legal tender in the country. According to Bulawayo24, the country’s Director of IT and Communications, Charles Wekwete, said the government had opened dialogue with all stakeholders on the matter.The comment came as Wekwete was speaking at the Computer Society of Zimbabwe (CSZ) Summit, which ended on the … [Read more...] about Zimbabwe considers “unstoppable” crypto as legal tender
ECB’s Panetta Says CBDCs ‘Likely’ to Be Legal Tender: Report
Central bank digital currencies (CBDCs) will probably become legal tender in the jurisdictions of their issuance, the European Central Bank’s (ECB) Fabio Panetta said.Panetta, a member of the ECB’s executive board, said this was “likely” at a panel in Helsinki on Tuesday, according to a Bloomberg report. However, this status “should not be taken for granted,” he added.CBDCs … [Read more...] about ECB’s Panetta Says CBDCs ‘Likely’ to Be Legal Tender: Report
Survey finds most El Salvador citizens are skeptical of making BTC legal tender
According to a newly released survey, up to three-quarters of Salvadorans are skeptical over President Nayib Bukele’s Bitcoin adoption plans.The survey, which polled 1,233 people across El Salvador between July 1 and 4, revealed that only 20% approved of the plan to make Bitcoin legal tenderThe survey, which has a margin of error of 2.8%, was conducted by researcher Disruptiva, … [Read more...] about Survey finds most El Salvador citizens are skeptical of making BTC legal tender
What to expect from Bitcoin as a legal tender
For much of its life, Bitcoin (BTC) has been viewed mainly as a speculative financial instrument, but El Salvador’s dramatic move in making BTC a legal tender is a reminder that cryptocurrencies can play a role in uplifting the world’s less-well-off citizens.Two surprising facts emerged on the global stage at the start of June: First, 70% of El Salvador’s population do not have … [Read more...] about What to expect from Bitcoin as a legal tender