VeChain price: VET outlook after Coinbase listing news

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El Salvador adopted Bitcoin as legal tender in September 2021 and wants to build a Bitcoin city.with the project hinged on profits from price increases and a $1 billion cash injection via Bitcoin bonds.

The International Monetary Fund (IMF) has advised El Salvador to reconsider its decision on Bitcoin as legal tender.The IMF says the cryptocurrency poses threats to the countrys financial stability and consumer protection.The IMF thus urged the authorities to narrow the scope of the Bitcoin law by removing Bitcoins legal tender status.

the IMF was positive about the potential for growth in digital payments as promoted via El Salvadors Chivo e-wallet.The government distributed $30 (roughly 22) worth of Bitcoin to every citizen with a Chivo wallet account.

the cryptocurrency could also put the countrys financial integrity and consumer protection

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