Imf Red Flags Central Africas Bitcoin Adoption Says It Raises Policy Challenges
Towards the end of last
“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
Towards the end of last month, the Central African Republic [CAR] had passed a bill to make Bitcoin legal. Within no time, the country
Report: IMF Says Central African Republic's Bitcoin Adoption Poses
The IMF argued that the
The IMF argued that the adoption of bitcoin poses legal economic challenges not only to the country but to the region as well.
IMF Says Bitcoin Adoption In Central Africa Raises Major Issues: Report
Central African Republic Under Scrutiny By IMF Following Bitcoin
Less than two weeks since
IMF Expresses Concern About Central African Republic's Adoption Of
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
Following its adoption of bitcoin
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 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 red flags Central Africa's Bitcoin adoption; Says it raises policy
“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
IMF: BTC adoption by Central African Republic is a concern