IMF Opposes Making Cryptocurrency Legal Tender

IMF Opposes Making Cryptocurrency Legal Tender
The International Monetary Fund headquarters in Washington. Yuri Gripas/Reuters
Bryan Jung
Updated:
0:00

The International Monetary Fund (IMF) recommended that cryptocurrencies like Bitcoin should not be legal tender, and issued an action plan to member states.

The IMF released a nine-point action plan on Feb. 24 on how countries could suppress the popular use of crypto assets.
Bryan Jung
Bryan Jung
Author
Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
Related Topics