How Real Is The Threat for Stricter Bitcoin Regulations?
This week might go down as one of the key markers in Bitcoin history.
The International Monetary Fund warned El Salvador to do away with its Bitcoin-as-legal-tender policy. And PresidentU.S. President Biden said new rules for Bitcoin and cryptocurrencies are coming soon.
It’s one thing for the President of the United States to tell the public that new regulations are coming.But what’s this with the IMF telling a sovereign nation what to do with its currency policy?
It’s not like El Salvador is borrowing money from the IMF in Bitcoin. The Powers-that-Be are anxious.
They cannot roll out their central bank digital currencies fast enough. And decentralized crypto is gaining power.