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Bitcoin News

El Salvador’s $1 Billion Financing Plans From IMF On Hinges Amid Bitcoin Adoption

The recent adoption of Bitcoin as a legal tender by the Latin American nation El Salvador has not gone well with global financial agencies like the IMF. Now, as the Latin American nation struggles to navigate through the economic downturn caused by the COVID-19 pandemic, its $1 billion financing plan from the International Monetary Fund

The recent adoption of Bitcoin as a legal tender by the Latin American nation El Salvador has not gone well with global financial agencies like the IMF. Now, as the Latin American nation struggles to navigate through the economic downturn caused by the COVID-19 pandemic, its $1 billion financing plan from the International Monetary Fund

El Salvador
Bitcoin News
El Salvador
Bitcoin News

World Bank Denies Any Help to El Salvador for Bitcoin (BTC) Implementation

After the IMF raised concerns about El Salvador adopting Bitcoin (BTC) as a legal tender last week, the World Bank has rejected any kind of help for Bitcoin implementation citing transparency and environmental concerns. On Wednesday, June 16, El Salvador’s Finance Minister Alejandro Zelaya said they are currently seeking technical assistance from World Bank to

After the IMF raised concerns about El Salvador adopting Bitcoin (BTC) as a legal tender last week, the World Bank has rejected any kind of help for Bitcoin implementation citing transparency and environmental concerns. On Wednesday, June 16, El Salvador’s Finance Minister Alejandro Zelaya said they are currently seeking technical assistance from World Bank to

IMFManaging Director
Blockchain News
IMFManaging Director
Blockchain News

IMF Managing Director Explains How Cryptocurrency is ‘Changing the Business Model of Commercial Banks’

The adaption and progress of Blockchain and cryptocurrencies have gained considerable momentum now which increases the responsibility of Global Organizations like the International Monetary Fund (IMF) to maintain the stability in world economics. The potential of Blockchain and cryptocurrencies goes beyond the capabilities of Bitcoin. Currently, the Regulators and Central bank face not a single threat in

The adaption and progress of Blockchain and cryptocurrencies have gained considerable momentum now which increases the responsibility of Global Organizations like the International Monetary Fund (IMF) to maintain the stability in world economics. The potential of Blockchain and cryptocurrencies goes beyond the capabilities of Bitcoin. Currently, the Regulators and Central bank face not a single threat in