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IMF Suggests That The Restrictions on Bitcoin Intercept Any Risk of a Speculative Market for El Salvador

Following a recent visit, the IMF has advised El Salvador to “reconsider” its intentions for using Bitcoin. Due to the “speculative nature” of the cryptocurrency markets, the worldwide monetary audit organization has recommended El Salvador to be cautious when increasing government exposure to them. The International Monetary Fund (IMF) stressed in a statement on February 10 that El Salvador’s usage of Bitcoin is “limited” and as a result, the dangers…