The country’s central bank chief does not see the recent Bitcoin adoption move hampering plans to secure an IMF loan.
Douglas Rodriguez, president of the Central Reserve Bank of El Salvador, has dismissed fears that the country adopting Bitcoin (BTC) as legal tender will scupper plans for a $1.3 billion loan facility from the International Monetary Fund (IMF).According to Bloomberg on Tuesday, Rodriguez stated that the central bank does not see any risks associated with the Bitcoin law even as it prepares to secure an extended loan facility from the IMF.Indeed, the central bank described El Salvador’s Bitcoin Law as only having “upside risks,” with Rodriguez stating that a BTC bull run could help the country’s economy expand by over 9% more than initial forecasts.According to Rodriguez, the central bank has explained to the IMF that “Bitcoin is simply a payment method.”As previously reported by Cointelegraph, E
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