WHAT IS BEHIND THE IMF AGAINST CRYPTOS?
😟 It is something bringing headache and mourn on how the international monetary fund(IMF) approaches this beautful thing "Cryptocurrency"
It seems increasingly clear that opposition to cryptocurrency is now considered an official position of the International Monetary Fund and we can expect anti-crypto restrictions to become a common condition of its loans to economies in crisis.
Consider Argentina as a Case study;
Recently, Argentina has agreed to “discourage” the use of cryptocurrency as a condition of a $45 billion loan from the IMF. The announcement comes less than a year after El Salvador’s plan to use bitcoin as legal tender met with vocal complaints from the IMF ahead of negotiations on a loan with that country.
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