IMF Says no Crypto as Legal Tender — Community Disagrees

The IMF is quickly bringing their time to an end – the people are becoming more and more aware to the ills fiat currency brings

IMF says no crypto as legal tender — Community disagrees

“The International Monetary Fund (IMF) recently made another anti-crypto move, opposing crypto becoming a legal tender. In response, crypto community members quickly fired back and expressed disagreement on Twitter.

The IMF’s executive board recently endorsed a crypto asset policy framework that did not grant crypto assets an official currency or legal tender status. The executives agreed with the framework and highlighted that it’s a necessary move to safeguard monetary stability.

From expressing their support for Bitcoin to comparing the situation to other technological advancements, various community members fired back at the IMF’s attempt to discredit crypto as a legal tender.

According to one Twitter user, the IMF will never be able to accept BTC simply because they do not want any competition. On the other hand, another community member believes that governments who want to ‘exit debt slavery to central banks’ will soon realize that Bitcoin is the only way to do this.

A community member attempted to poke fun at the issue by comparing the IMF’s efforts to go against crypto to the fax machine complaining about the emergence of emails.”


Master Asked on February 24, 2023 in Cryptocurrency.
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