JPMorgan Is Suspicious of El Salvador’s Bitcoin (BTC) Move

JPMorgan Is Suspicious of El Salvador's Bitcoin (BTC) Move

Known as the largest bank in the USA, JPMorgan Chase & Co. states that it does not see an economic benefit in El Salvador’s acceptance of Bitcoin (BTC).

Contact us to be instantly informed about the last minute developments. Twitter and Telegram You can follow our channel.
JPMorgan said in a statement that it is difficult to see any economic benefits in the adoption of Bitcoin.
The bank also believes that this move by El Salvador may endanger its relations with the IMF (International Monetary Fund).
“The change will have unforeseen and unintended consequences. But if this is to be the start of a trend among smaller countries in a similar position, it can be quite complex.”
In its statement yesterday, the IMF said that El Salvador’s move could raise some financial and legal problems with this move.



Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store