IMF chief: El Salvador’s CHIVO e-wallet has savings risks

On January 29, IMF President Georgieva: Due to the volatility of Bitcoin, El Salvador’s CHIVO e-wallet has savings risks, and there is no timetable for reaching an agreement with El Salvador. We continue to be in close contact with El Salvador; it has not yet been decided whether it is possible to lend to a country like El Salvador that uses Bitcoin as fiat currency. Due to Bitcoin’s price risk, we recommend narrowing the scope of Bitcoin laws and strengthening regulation. (Golden Ten)

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