El Salvador Backs Away From Its Bitcoin Experiment
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El Salvador amended its bitcoin law to comply with IMF
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The ousting of Bitcoin from El Salvador has been on the IMF’s radar for a long time. 'There are large risks associated with using Bitcoin as legal tender, especially given the high volatility of its price. We don’t recommend it. In the short-term, the costs and risks largely outweigh the benefits,' it said in a 2022 statement criticizing the country’s economy
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