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<p>The adoption of <strong>cryptocurrency </strong>as a means of payment raises a number of macroeconomic, financial and legal issues, emphasized in the International Monetary Fund.</p>



<p>There are a number of economic, financial and legal problems in the recognition of <strong>bitcoin </strong>as an official means of payment in <strong>El Salvador</strong>, said the representative of the <strong>International Monetary Fund</strong> (<strong>IMF</strong>) Jerry Rice. <a href="https://www.reuters.com/world/americas/el-salvador-approves-first-law-bitcoin-legal-tender-2021-06-09/" target="_blank" rel="noreferrer noopener">Reuters</a> . He added that the organization is monitoring this situation and is continuing its dialogue with the <strong>El Salvadorian</strong> authorities.</p>



<p><a href="https://cointopsecret.com/2021/06/10/bitcoin-was-officially-recognized-as-a-means-of-payment-for-the-first-time-what-does-it-mean/"><strong>El Salvador</strong> President <strong>Nayib Bukele</strong> this week signed a law that equates <strong>cryptocurrency </strong>with the <strong>US dollar</strong></a> (the country&#8217;s main currency). According to the new rules, prices in the country can be set in <strong>bitcoin</strong>, it will also be possible to pay tax deductions in <strong>digital assets</strong>.</p>



<p>Also, the head of state instructed to <strong>start mining bitcoin</strong> using the energy of volcanoes. <strong>El Salvador</strong> begins the creation of a full-scale <strong>mining </strong>hub using geothermal <strong>energy</strong>.</p>



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