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

Africa’s Growing Crypto Market Needs Better Regulations - IMF

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

Less than two weeks since

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

“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

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

The IMF argued that the

Bitcoin adoption by Central African Republic a concern, IMF says

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

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

Towards the end of last

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.

Central African Republic Under Scrutiny By IMF Following Bitcoin

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

The adoption of Bitcoin as

IMF Expresses Concern About Central African Republic's Adoption Of

“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: BTC adoption by Central African Republic is a concern