Report: IMF Says Central African Republic's Bitcoin Adoption Poses

IMF: BTC adoption by Central African Republic is a concern

Central African Republic Under Scrutiny By IMF Following Bitcoin

The adoption of Bitcoin as

The IMF argued that the adoption of bitcoin poses legal economic challenges not only to the country but to the region as well.

“The adoption of Bitcoin as legal tender in C.A.R. raises major legal, transparency, and economic policy challenges,” the fund said in an emailed response to

Following its adoption of bitcoin as its legal tender, the Central African Republic is under scrutiny. The IMF says the CAR raises major legal, transparency, and economic policy.

Widespread use of crypto could

IMF Expresses Concern About Central African Republic's Adoption Of

Widespread use of crypto could also undermine the effectiveness of monetary policy, creating risks for financial and macroeconomic stability. The risks are that much greater if

Bitcoin adoption by Central African Republic a concern, IMF says

The adoption of Bitcoin as

IMF Says Bitcoin Adoption In Central Africa Raises Major Issues: Report

“The adoption of Bitcoin as legal tender in C.A.R raises major legal, transparency, and economic policy challenges,” the IMF said in an emailed statement to Bloomberg. “IMF staff are assisting

IMF red flags Central Africa's Bitcoin adoption; Says it raises policy

Towards the end of last

Less than two weeks since the Central African Republic moved to adopt BTC as legal tender, yet another entity has raised concerns over the decision. The International

Africa’s Growing Crypto Market Needs Better Regulations - IMF

Towards the end of last month, the Central African Republic [CAR] had passed a bill to make Bitcoin legal. Within no time, the country