IMF recommends El Salvador not use Bitcoin as legal tender

The IMF statement came only two days after President Nayib Bukele announced El Salvador was planning to build the world's first "bitcoin city", which will be funded initially by bitcoin bonds. Bukele said the city would get its energy supply from a volcano and would not levy any taxes except for value added tax.

from Markets-Economic Times https://ift.tt/3l5X5Gy