The International Monetary Fund (IMF) has been pressuring El Salvador to reconsider its Bitcoin policies and regulatory framework surrounding the digital asset. Despite legalizing Bitcoin as legal tender in 2021, the IMF continues to advocate for a shift towards traditional financial infrastructure. While acknowledging some risks of Bitcoin adoption have not materialized, the IMF remains critical of the cryptocurrency. The organization has also provided consulting on Bitcoin transactions to Andorra and suggested Pakistan implement a capital gains tax on crypto. Additionally, the IMF has proposed taxing energy used for crypto mining to reduce carbon emissions. Simultaneously, the IMF is promoting central bank digital currencies (CBDCs) globally, releasing a framework to assist central banks in CBDC adoption. This stance contrasts with the growing interest in Bitcoin and decentralized cryptocurrencies as alternatives to traditional fiat currencies. Read more AI-generated news on: https://app.chaingpt.org/news

#BTC #CBDC #IMF