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The Independent UK
The Independent UK
National
Via AP news wire

IMF urges El Salvador to drop Bitcoin as legal tender

International Monetary Fund El Salvador Nayib Bukele
Copyright 2021 The Associated Press. All rights reserved

The International Monetary Fund wants El Salvador to drop the highly volatile cryptocurrency Bitcoin as legal tender and strictly regulate the electronic wallet the government has pushed adoption of across the country.

The global lender’s board “urged the authorities to narrow the scope of the Bitcoin law by removing Bitcoin’s legal tender status,” the IMF said in a statement Tuesday.

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