The International Monetary Fund (IMF) recently made another anti-crypto move, opposing cryptocurrencies becoming legal tender. In response, members of the crypto community quickly responded and expressed their disagreement on Twitter.
The International Monetary Fund’s Executive Board recently endorsed a crypto-assets policy framework that did not grant crypto-assets official currency or legal tender status. Executives agreed with the framework and emphasized that it is a necessary step to protect monetary stability.
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From expressing their support for Bitcoin (BTC) to contrasting the situation with other technological developments, many members of the community have responded to the International Monetary Fund’s attempt to discredit the cryptocurrency as legal tender.
Accordingly With a Twitter user, the IMF can never accept BTC just because they don’t want any competition. On the other hand, another member of society Believes That governments wishing to “get out of debt bondage to central banks” will soon realize that bitcoin is the only way to do it.
member of the community Try He poked fun at the issue by comparing the IMF’s efforts to combat cryptocurrency to a fax machine complaining about a spike in emails. They tweeted:
Meanwhile, Twitter user and Bitcoiner Carl B Menger she expressed Happiness is that countries are independent of the IMF and can “do what is best for their citizens”. Another member of the crypto community believes that this is another historical moment that the community can look back on once it succeeds in decentralizing the world.
The International Monetary Fund has repeatedly expressed its opposition to adopting cryptocurrencies as legal tender. On February 15, members of the crypto community also expressed their views on the International Monetary Fund pressuring El Salvador to reconsider its plans for Bitcoin. Some dismissed the news as a “FUD,” while others interpreted it as a strong bullish sign for Bitcoin.
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