Does the IMF have a vendetta against cryptocurrencies?
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Is the International Monetary Fund (IMF) really hostile to crypto? Many in the cryptocurrency and blockchain space think so. In January, the fund asked El Salvador to drop Bitcoin (BTC) as legal tender.
In May, it reportedly pressured Argentina to curtail crypto trading as the price for an IMF loan extension, and it also recently warned the Marshall Islands that raising a digital currency to the status of legal tender could “raise risks to macroeconomic and financial stability as well as financial integrity.”