{"id":48921,"date":"2022-01-29T01:57:50","date_gmt":"2022-01-29T06:57:50","guid":{"rendered":"https:\/\/euvolution.com\/open-source-convergence\/edward-snowden-nayib-bukele-and-others-reacts-to-imf-wanting-el-salvador-to-drop-bitcoin-somebody-soun-benzinga.php"},"modified":"2022-01-29T01:57:50","modified_gmt":"2022-01-29T06:57:50","slug":"edward-snowden-nayib-bukele-and-others-reacts-to-imf-wanting-el-salvador-to-drop-bitcoin-somebody-soun-benzinga","status":"publish","type":"post","link":"https:\/\/euvolution.com\/open-source-convergence\/uncategorized\/edward-snowden-nayib-bukele-and-others-reacts-to-imf-wanting-el-salvador-to-drop-bitcoin-somebody-soun-benzinga.php","title":{"rendered":"Edward Snowden, Nayib Bukele And Others Reacts To IMF Wanting El Salvador To Drop Bitcoin: ‘Somebody Soun – Benzinga"},"content":{"rendered":"

Former intelligence contractor Edward Snowden took aim at the International Monetary Fund (IMF) for dishing out advice to El Salvador on its use of Bitcoin (CRYPTO: BTC) as legal tender.<\/p>\n

What Happened: Snowden tweeted to his 5 million followers on Monday that Somebody sounds nervous while sharing a news story that covered IMFs urge that El Salvador removes Bitcoin as legal tender.<\/p>\n

Snowdens post was retweeted 4,807 times and garnered 27,400 likes. It also attracted plenty of attention from cryptocurrency twitter.<\/p>\n

See Also: How To Buy Bitcoin (BTC)<\/p>\n

Why It Matters: On Tuesday, the IMF executive board members urged El Salvador to drop the use of Bitcoin as legal tender warning of large risks related to financial stability, financial integrity and consumer protection.<\/p>\n

In June, El Salvador became the first country in the world to adopt the apex cryptocurrency as legal tender.<\/p>\n

The Salvadoran President Nayib Bukele took his own dig at IMF on Twitter on Tuesday.<\/p>\n

This is not the first time IMF has dished out advice to the Central American country. In a tweet in August, the international agency called Bitcoin an inadvisable shortcut while criticizing El Salvadors adoption of the private cryptocurrency.<\/p>\n

Price Action: At press time, BTC traded 1.9% higher at $36,903.63 over 24 hours.<\/p>\n

Read Next: Bitcoin May Be Plunging Hard, But Look Who's Buying The Dip<\/p>\n

Photo: Courtesy of Gobierno Danilo Medina via Flickr<\/p>\n

<\/p>\n

Read the rest here:
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