JUST IN: Critical #Bitcoin Warning from IMF to El Salvador – Will Bitcoin’s Official Currency Status Change?

The International Monetary Fund (#IMF ) has reiterated its stance on #cryptocurrencies , stating that it is a “well-established fact” that the agency does not support the use of Bitcoin (#BTC ) as legal tender.

This statement comes amid ongoing talks with #ElSalvador , which adopted Bitcoin as its official currency some time ago.

The IMF emphasized that “significant” structural measures should be implemented in El Salvador. Although the details of these measures have not been disclosed, they are likely to involve significant changes in the country's financial and economic policies.

In addition to these concerns, the IMF is negotiating a new financing agreement with El Salvador. The latest negotiation mission to the country was described as a very productive step. But both sides acknowledged they were “not there yet” in reaching an agreement.