BTC legalization 'killed' El Salvador's relationship with the | Crypto Town

BTC legalization "killed" El Salvador's relationship with the IMF

After the recognition of BTC as legal tender, El Salvador was unable to find common ground with the International Monetary Fund (IMF), and negotiations with it are "virtually dead". This was stated by the former head of the Central Bank, Carlos Acevedo.

We’re talking about the agreement with the IMF on the allocation of financial assistance. According to the former chairman of the Central Bank, the cryptocurrency initiative has cost the country a lot by "killing" relations with the fund.

Another proof that the global global financial system still rejects the world of decentralized finance. That's okay, we'll wait.