The Great Reset: IMF recommends no legal tender status for crypto including Bitcoin.

"The International Monetary Fund has laid out a nine-point action plan for how countries should treat crypto assets, with point number one a plea not to give cryptocurrencies such as bitcoin legal tender status."

The paper Elements of Effective Policies for Crypto Assets was discussed on February 8, 2023 by the Executive Board of the International Monetary Fund.



https://www.imf.org/en/News/Articles/2023/02/23/pr2351-imf-executive-board-discusses-elements-of-effective-policies-for-crypto-assets

"The top recommendation was to 'safeguard monetary sovereignty and stability by strengthening monetary policy frameworks and do not grant crypto assets official currency or legal tender status.'"

"Outlining its Executive Board's assessment, the IMF said directors welcomed the proposals and agreed the widespread adoption of crypto assets 'could undermine the effectiveness of monetary policy, circumvent capital flow management measures, and exacerbate fiscal risks.'"

More in the articles above and below.

https://www.reuters.com/technology/imf-lays-out-crypto-action-plan-recommends-against-legal-tender-status-2023-02-24/

Location: Washington, DC, USA

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