Re:El Salvador expected to default as Bitcoin plummets
by RobertDeNiro on Wednesday May 11, 2022 @08:32AM
(#31338967)
The IMF is anti cryptocurrency ?
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Re:El Salvador expected to default as Bitcoin plummets
by pibechorro on Wednesday May 11, 2022 @08:39AM
(#31339056)
Ofcourse. they muscled Argentina to prevent banks from dealing in it, despite popular support and the banks announcing it.
Re:El Salvador expected to default as Bitcoin plummets
by splix on Wednesday May 11, 2022 @02:20PM
(#31343823)
IMF, as well as World bank and co, are anti-anything that could help a country to be less dependent on Wall Street.
See https://en.wikipedia.org/wiki/Structural_adjustment#Criticis... and https://en.wikipedia.org/wiki/Enough_Is_Enough_(letter) for examples.
Re:El Salvador expected to default as Bitcoin plummets
by toomuchtodo on Wednesday May 11, 2022 @09:59AM
(#31340035)
The IMF is anti-gambling-with-soverign/borrowed-funds.
Re:El Salvador expected to default as Bitcoin plummets
by csomar on Wednesday May 11, 2022 @12:01PM
(#31341855)
From the papers they released, I don't think they are. But this is an institution that works with SDR [https://en.wikipedia.org/wiki/Special_drawing_rights]; so they are not going to "understand" Bitcoin. In a sense, they have their own Bitcoin.
And I put understand in quotes because the IMF does get Bitcoin, Crypto and finance better than most countries. They understand that crypto is mostly bad news for weak countries because they are already having trouble with capital outflow as is.
Re:El Salvador expected to default as Bitcoin plummets
by neonihil on Wednesday May 11, 2022 @10:10AM
(#31340179)
They are happy with their monopoly as it is.
Re:El Salvador expected to default as Bitcoin plummets
by xvector on Wednesday May 11, 2022 @08:37AM
(#31339032)
Most definitely - it takes away from their power.
Re:El Salvador expected to default as Bitcoin plummets
by collyw on Wednesday May 11, 2022 @09:43AM
(#31339828)
That would depend on whether they control the cryptocurrency I imagine.
Re:El Salvador expected to default as Bitcoin plummets
by webinvest on Wednesday May 11, 2022 @08:41AM
(#31339081)
Yes.
Re:El Salvador expected to default as Bitcoin plummets
by IAmEveryone on Wednesday May 11, 2022 @09:24AM
(#31339605)
The IMF is anti-idiocy. So yes.