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Watch: IMF: Bitcoin Should Not Be Legal Tender in El Salvador (youtube.com)
The International Monetary Fund (IMF) stated bitcoin should not be used as legal tender in El Salvador, saying its plans to acquire more BTC will require a “very careful analysis” of implications for its financial stability. It also questioned President Nayib Bukele's announcement of a $1 billion bitcoin-backed bond. "The Hash" panel discusses the IMF's latest warning against a nation exploring with crypto and its possible impact on El Salvador's bitcoin adoption.

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    Francisco Gimeno - BC Analyst The first gut reaction from most people is that IMF (or World Bank...) doesn't want to lose the control over developing or underdeveloped countries. Then that the 4th IR means disruption and change, so any sovereign country should be allowed to do what El Salvador is doing. It's a tectonic change. On the other side, what about populism? What about who benefits locally from this BTC as a currency? The issue is much more complicated, and everything weighs. Disruption is here, but we can't live separated from global economy.