BTC/USD   $ 26712.9

|

ETH/USD   $ 1796.60

|

LTC/USD   $ 92.39

|

DASH/USD   $ 44.41

|

DOGE/USD   $ 0.07324

|

FIL/USD   $ 4.45

|

ADA/USD   $ 0.3676

|

USDT/USD   $ 1.00

|

SHIB/USD   $ 0.00000866

|

HOLO/USD   $ 0.003566

|

BTT/USD   $ 0.00000060

|

WINK/USD   $ 0.0001995

|

YFI/USD   $ 6739.04

|

PAXG/USD   $ 1995.93

|

MKR/USD   $ 630.44

|

BCH/USD   $ 117.30

|

WBTC/USD   $ 26739.6

|

COMP/USD   $ 35.00

|

AAVE/USD   $ 62.48

|

ZEC/USD   $ 33.10

|

ICP/USD   $ 5.19

|

TRB/USD   $ 11.87

|

ETC/USD   $ 18.36

|

NMR/USD   $ 13.50

|

BAL/USD   $ 5.42

|

LINK/USD   $ 6.62

|

REP/USD   $ 6.88

|

UNI/USD   $ 5.15

|

ATOM/USD   $ 10.78

|

UMA/USD   $ 2.12

|

SNX/USD   $ 2.18

|

SUSHI/USD   $ 0.8944

|

BAND/USD   $ 1.47

|

EOS/USD   $ 0.8928

|

OMG/USD   $ 0.8033

|

RLC/USD   $ 1.56

|

MIR/USD   $ 0.05600

|

BNT/USD   $ 0.4149

|

XTZ/USD   $ 0.8899

|

CGLD/USD   $ 1.74

|

1INCH/USD   $ 0.4109

|

CRV/USD   $ 0.8177

|

KNC/USD   $ 0.6039

|

ENJ/USD   $ 0.3523

|

MATIC/USD   $ 0.8601

|

STORJ/USD   $ 0.3080

|

ZRX/USD   $ 0.2240

|

ALGO/USD   $ 0.1679

|

GRT/USD   $ 0.1221

|

OGN/USD   $ 0.09479

|

CTSI/USD   $ 0.1985

|

MANA/USD   $ 0.5062

|

BAT/USD   $ 0.2212

|

DAI/USD   $ 1.00

|

USDC/USD   $ 0.9998

|

REN/USD   $ 0.07770

|

XLM/USD   $ 0.08778

|

NKN/USD   $ 0.09859

|

OXT/USD   $ 0.06790

|

LRC/USD   $ 0.2967

|

SKL/USD   $ 0.03220

|

CVC/USD   $ 0.08861

|

SAND/USD   $ 0.5290

|

NU/USD   $ 0.1500

|

GNT/USD   $ 0.00000001

|

DNT/USD   $ 0.02720

|

ANKR/USD   $ 0.02588

|

LOOM/USD   $ 0.05156

|

AMP/USD   $ 0.002960

|

MANY/USD   $ 0.3509

|

WTK/USD   $ 0.02170

|

POSI/USD   $ 0.02355

|

WINR/USD   $ 0.00003100

|

DEFT/USD   $ 0.00002080

|

ISA/USD   $ 0.0001070

|

RULER/USD   $ 0.006669

|

SPORE/USD   $ 0.9137

|

DEFLCT/USD   $ 0.7343

|

HVE/USD   $ 0.0004395

|

JCB/USD   $ 0.00004900

|

FWC/USD   $ 0.00000000008000

|

FDC/USD   $ 0.00000021

|

YETI/USD   $ 0.003856

|

SMR/USD   $ 0.06492

|

BTC/USD   $ 26712.9

ETH/USD   $ 1796.60

LTC/USD   $ 92.39

DASH/USD   $ 44.41

DOGE/USD   $ 0.07324

FIL/USD   $ 4.45

ADA/USD   $ 0.3676

USDT/USD   $ 1.00

SHIB/USD   $ 0.00000866

HOLO/USD   $ 0.003566

BTT/USD   $ 0.00000060

WINK/USD   $ 0.0001995

YFI/USD   $ 6739.04

PAXG/USD   $ 1995.93

MKR/USD   $ 630.44

BCH/USD   $ 117.30

WBTC/USD   $ 26739.6

COMP/USD   $ 35.00

AAVE/USD   $ 62.48

ZEC/USD   $ 33.10

ICP/USD   $ 5.19

TRB/USD   $ 11.87

ETC/USD   $ 18.36

NMR/USD   $ 13.50

BAL/USD   $ 5.42

LINK/USD   $ 6.62

REP/USD   $ 6.88

UNI/USD   $ 5.15

ATOM/USD   $ 10.78

UMA/USD   $ 2.12

SNX/USD   $ 2.18

SUSHI/USD   $ 0.8944

BAND/USD   $ 1.47

EOS/USD   $ 0.8928

OMG/USD   $ 0.8033

RLC/USD   $ 1.56

MIR/USD   $ 0.05600

BNT/USD   $ 0.4149

XTZ/USD   $ 0.8899

CGLD/USD   $ 1.74

1INCH/USD   $ 0.4109

CRV/USD   $ 0.8177

KNC/USD   $ 0.6039

ENJ/USD   $ 0.3523

MATIC/USD   $ 0.8601

STORJ/USD   $ 0.3080

ZRX/USD   $ 0.2240

ALGO/USD   $ 0.1679

GRT/USD   $ 0.1221

OGN/USD   $ 0.09479

CTSI/USD   $ 0.1985

MANA/USD   $ 0.5062

BAT/USD   $ 0.2212

DAI/USD   $ 1.00

USDC/USD   $ 0.9998

REN/USD   $ 0.07770

XLM/USD   $ 0.08778

NKN/USD   $ 0.09859

OXT/USD   $ 0.06790

LRC/USD   $ 0.2967

SKL/USD   $ 0.03220

CVC/USD   $ 0.08861

SAND/USD   $ 0.5290

NU/USD   $ 0.1500

GNT/USD   $ 0.00000001

DNT/USD   $ 0.02720

ANKR/USD   $ 0.02588

LOOM/USD   $ 0.05156

AMP/USD   $ 0.002960

MANY/USD   $ 0.3509

WTK/USD   $ 0.02170

POSI/USD   $ 0.02355

WINR/USD   $ 0.00003100

DEFT/USD   $ 0.00002080

ISA/USD   $ 0.0001070

RULER/USD   $ 0.006669

SPORE/USD   $ 0.9137

DEFLCT/USD   $ 0.7343

HVE/USD   $ 0.0004395

JCB/USD   $ 0.00004900

FWC/USD   $ 0.00000000008000

FDC/USD   $ 0.00000021

YETI/USD   $ 0.003856

SMR/USD   $ 0.06492

IMF Not Happy About El Salvador Bitcoin Move

  • News
  • IMF Not Happy About El Salvador Bitcoin Move

Crypto News   10 Jun, 2021   cryptonews.com   Views: 326

Adoption of bitcoin (BTC) as legal tender raises "a number of macroeconomic, financial and legal issues that require very careful analysis," Reuters reported, citing a spokesman for the International Monetary Fund (IMF).

The fund is following "developments closely" and will continue "consultations with the authorities."

As reported, Nayib Bukele, the President of El Salvador, will discuss the Bitcoin law with the IMF today, as the country is in talks with the Fund over a USD 1bn program.

At 15:01 UTC, BTC trades at USD 37,171 and is down by 2.5% in an hour, trimming its daily gains to almost 6%.

"The plans for Bitcoin under an increasingly autocratic regime will likely only compound concerns about corruption, money laundering and the independence of regulatory agencies," Siobhan Morden, head of Latin America Fixed Income Strategy at Amherst Pierpont, wrote in a note, per Bloomberg.

Meanwhile, in 2018, the small and remote Pacific island country, the Republic of the Marshall Islands (RMI) was also warned by the IMF over their coin project.

“The potential benefits from revenue gains appear considerably smaller than the potential costs arising from economic, reputational, AML/CFT [Anti-Money Laundering and Countering Financing of Terrorism], and governance risks,” the Fund said back then.

The country ignored the warning and, in 2020, partnered with Algorand to build a blockchain for its first national digital currency, the Marshallese sovereign (SOV). However, there were no updates on the project this year


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