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El Salvador became the first country in the world to adopt Bitcoin as legal tender in 2021 The International Monetary Fund (IMF) encouraged El Salvador to drop Bitcoin’s status as an official currency on Tuesday, warning that the cryptocurrency could cause financial instability. In a statement, the IMF claimed El Salvador’s decision to adopt Bitcoin […]
The Lebanese government has said it will receive $1.135 billion in International Monetary Fund (IMF) Special Drawing Rights as the newly formed government tries to tackle the worst economic collapse in decades. On Monday, Lebanon’s Finance Ministry said in a statement that the central bank would be receiving $1.135 billion in Special Drawing Rights (SDRs) […]