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Money IMF calls for El Salvador to Bitcoin Task on

09:40  26 january  2022
09:40  26 january  2022 Source:   pressfrom.com

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The International Monetary Fund (IMF) has prompted El Salvador to remove the status as statutory means of payment to the digital currency Bitcoin.

Nach El Salvadors Bitcoin-Gesetz muss jeder Händler, der technisch dazu in der Lage ist, die Kryptowährung annehmen. © Ina Fassbender / DPA After El Salvadors Bitcoin law, every dealer who is technically capable of accepting the crypto.

The first country in the world was the Central American state of crypto currency in September awarded this status. After a notification, the IMF Executive Board emphasized, with the use of Bitcoin, large risks are associated - for financial stability, financial integrity and consumer protection and the associated tax event liabilities.

with digital methods of payment such as the E-purse Chivo introduced in the Central American country could be promoted the financial inclusion, it was said. The new economic environment around Chivo and Bitcoin must be strictly regulated and monitored. The occasion was discussions on the economic situation, which regularly leads the UN special organization based in Washington with Member States. El Salvador has been negotiating a credit package of $ 1.3 billion for some time (around 1.15 billion euros) for some time.

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After El Salvadors Bitcoin law, every dealer who is technically capable of accepting the crypto. Also tax can be paid in it. The controversial President Nayib Bukele announced the construction of a "Bitcoin City" in November.

Bitcoin is the most famous digital currency. It is not controlled by a central bank, but created by a decentralized, energy-intensive computer process. Bitcoin is considered the speculative object and is subjected to violent price fluctuations.

The price of a bitcoin was about 37,000 dollars on Tuesday - in November he had reached a high of around 68,000. According to estimates based on information Bukeles on Twitter, El Salvador has now bought about 1800 Bitcoin.

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