[Taklimakan Blog]IMF Calls El Salvador President Over Bitcoin

The IMF may refuse a loan to El Salvador because the country decides to recognize bitcoin as a legal tender, according to Reuters

President of El Salvador Nayib Bukele on Thursday, June 10, will meet with representatives of the International Monetary Fund (IMF). This was announced by crypto-investor Alistair Milne, citing an interview with the head of the republic. The topic of the emergency meeting remains unknown, but the IMF decided to meet with the head of the republic after bitcoin became legal tender in El Salvador.

El Salvador’s Congress approved Nayib Bukele’s proposal to accept bitcoin as legal tender. The vote on the bill received 62 votes out of 84. Thus, El Salvador became the first state in the world to officially recognize cryptocurrency.