Crypto Assets Like Bitcoin Cannot Achieve the Legal Tender Status: IMF
The IMF doc = IMF Executive Board Discusses Elements of Effective Policies for Crypto Assets
The International Monetary Fraud declares war on cryptocurrencies.
If you think "Fraud" is too strong a term, look at their first of nine elements of their framework.
- Safeguard monetary sovereignty and stability by strengthening monetary policy frameworks and do not grant crypto assets official currency or legal tender status.
This is fraudulent on a number of counts.
The IMF has already warned smaller nations that their "monetary sovereignty" will be under threat, and that they wish to see fewer currencies on the global scene.
"Stability" is the biggest lie, as a century of central banksters' monetary policies have led to booms and busts. These are not accidents, they are the direct consequences of a debt-driven monetary policy that expands and contracts credit. There is no stability, just oscillations with prices seemingly higher but the purchasing power steadily dropping.
The all-out war is obviously "do not grant crypto assets official currency or legal tender status". They have the power to win this war through paying off the judiciary and the executive branches of government.
Some smaller nations have seen the future, and it's grim, hence some of them experimenting with cryptocurrencies. It would not surprise me if the crypto markets will be driven further down just to teach places such as El Salvador to bend the knee.
None of this is new, but the IMF has now given out clear field instructions to their generals entrenched in their nation states.
Knives are out, and sharpened.
They have already started by making huge hints that any bank that deals in crypto may be falling foul of its duties to investors and customers.