Kristalina Georgieva believes that the main cryptocurrency may become a means of payment in the future, but so far she is far from this.
Kristalina Georgieva , Managing Director of the International Monetary Fund, stated that bitcoin cannot be classified as money.
According to Georgieva, the main cryptocurrency (bitcoin) in the future may become a means of payment, but now the coin is far from that.
The use of bitcoin as a means of payment in El Salvador will complicate the collection of taxes and the formation of prices for goods and services, the head of the IMF said.
Georgieva also expressed the opinion that the national currencies of central banks (CBDC) will become the safest form of payment.
The IMF should provide countries with a platform that will ensure interoperability of many CBDCs in the future, Georgieva said.
On July 27, the IMF listed the threats posed by the adoption of decentralized cryptocurrency , such as bitcoin, as national ones.
The fund representatives pointed out that countries in which cryptocurrency have the status of national currency or legal tender may receive internal volatile prices, as well as the inability to fight money laundering and terrorist financing.
In June of this year, El Salvador became the first country in the world that at the state level legalized the circulation of bitcoin and endowed it with the status of an official means of payment, on a par with the US dollar.
Last year, the International Monetary Fund argued that cryptocurrency could be the next step in the evolution of money.
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