The International Monetary Fund (IMF) recently made another anti-crypto move, opposing cryptocurrencies becoming legal tender. In response, members of the crypto community were quick to respond and disagree on Twitter.
The IMF executive board recently approved a crypto asset policy framework that did not grant crypto assets legal tender or official currency status. The executives agreed with the framework, noting that it is a necessary measure to safeguard monetary stability.
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From expressing their support for Bitcoin (BTC) to comparing the situation to other technological advances, various members of the community have responded to the IMF’s attempt to discredit cryptocurrencies as legal tender.
According to one Twitter user, the IMF will never be able to accept BTC simply because they don’t want competition. On the other hand, another member of the community believe that governments that want to “get out of debt slavery to central banks” will soon realize that Bitcoin is the only way to do it.
One community member tried to poke fun at the issue by comparing the IMF’s efforts to go against cryptocurrency to the fax machine complaining about the emails appearing.. They tweeted:
Meanwhile, Twitter user and Bitcoiner Carl B Menger express his happiness 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 will be able to remember once they manage to decentralize the world.
The IMF has repeatedly expressed its opposition to cryptocurrencies being adopted as legal tender. On February 15, members of the crypto community also expressed their views on the IMF pressuring El Salvador to reconsider its plans for Bitcoin. Some dismissed the news as “FUD” while others interpreted it as a strong bullish signal for BTC.
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